Many this week have expressed growing concerns about their allocations to the stock market - If markets remain volatile, safe-haven demand for gold is likely to intensify -
This is occurring at a cyclically strong period for gold demand, ahead of the lunar new year. Koos Jansen reports that the Chinese gold buying frenzy has started, noting a report that - one Beijing shopping mall was selling gold at the impressive clip of 400,000 yuan per minute!
Primary focus now shifts to ECB policy, which will be announced on 22-Jan. There is a widely held expectation that the ECB will embark on the QE path blazed by the BoJ, BoE and Fed before them. The trailblazers have netted less-than stellar results, but I'm sure Mario Draghi and his cohorts expected that somehow this time it will be different... when DJIA going down -
investors look to safety in Gold mining -
E.g., don't forget to take a good look on the best lowest cost gold production video -
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