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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2411)	8/25/2013 5:34:07 PM
From: Goose94	Read Replies (1) \| Respond to of 202843

Gold $1400 This has now been confirmed by the recent uptrend and strength in the gold market. Gold miners and gold stocks are finally seeing some volume to the upside, which shows promise. We still have a month of summer left and gold will climb pass $1400/oz. soon. If you believe the same, strong precious metal stocks, could show some short-term gains and look to move higher between now and the end of the year. If gold can reach above $1400 and stay there, many of the better gold stocks will likely not be here much longer - especially not after the summer." Not only have all of the Equedia Select portfolio companies rocketed in price over the last month, but gold has now once again crossed the psychological $1,400 level (up 18.5% from its 6/18 lows) and surged through its 100-day moving average, while short interest in COMEX gold futures have fallen around 40% in the last 5 weeks. US banks - in particular JP Morgan - was once again loading up on gold. Well it seems this hasn't stopped. Take a look at the net change in gold for JP Morgan, as compiled by the CME Group: http://www.equedia.com/wp-content/uploads/2013/08/cme-1024x724.jpg?utm_source=August+25%2C+2013&utm_campaign=August+25%2C+2013&utm_medium=email JP Morgan has been sequestering all available Comex gold it can get its hands on this month from HSBC and Scotia Mocatta. Don't expect this to change soon - especially given all of the bank's current investigations. India to Lease Gold? India has found itself in a full-blown monetary crisis. Its currency is falling to record lows every day, while its central bank is having trouble tightening its monetary policy while initiating QE at the same time. India, being the world's largest consumer of gold, has made front page of everything gold related month after month. The government has put strict import bans on gold because its citizens were protecting themselves from a falling rupee and buying gold instead of using their money to contribute to the economic growth of the country. Just last week it once again made front-page news,. Via the Hindu Business Line: "In what appears at first glance a throwback to 1991, India will consider leasing out the 200 tonnes of gold it bought from the International Monetary Fund (IMF) in 2009. The gold will be leased in the international market for dollars so as to shore up the sagging rupee, which plunged below Rs 64 against the US dollar in Tuesday's trade. A final decision may be taken next month, Finance Ministry sources said. The move can fetch around $23 billion, David Gornall, Chairman of the London Bullion Market Association, has estimated. This marks a tidy increase in the Reserve Bank of India's investment. In November 2009, the RBI purchased 200 tonnes of gold from the IMF, under the Fund's limited gold sales programme, for $6.7 billion, cash." In other words, gold may not be money - according to Bernanke - but it certainly can save you when you print too much money.