Caledonia Mining Corporation (CMCL)

[NYBob]

China setting up a ‘very solid’ base for bull run in gold:
TheStreet BY ASIA UNHEDGED on OCTOBER 21, 2015 in ASIA UNHEDGED,
CHINA Asia Unhedged likes this snippet from the Street.com:

http://atimes.com/2015/10/china-setting-up-a-very-solid-base-for-bull-run-in-gold-thestreet/

KITCO NEWS (Vienna, Austria) — China is a game maker and changer when it
comes to the gold market, and will provide a solid base for a gold
rally, says Frederic Panizzutti, global head of sales for MKS PAMP, a
swiss-based precious metals firm.
Besides being the biggest importer of the metal, Panizzutti said the
metal that is being imported into China is not moving any time soon.
‘One thing that is not discussed enough is that most of the gold that
is shifting from the West to the East will not leave China for the
foreseable future.
So basically, China is absorbing gold from all the centers,’ he said
in an interview with Kitco News during the London Bullion Association’s
(LBMA) annual event, this year being held in Vienna. ‘Over the medium
to long term, China is playing a more important role than just
absorbing the metal because it will be kept back, so it is providing
the market with a very solid base for a long term bull trend,’ he
explained.
As for a near-term outlook for gold, Panizzutti said the metal is in a
more or less narrow range.
‘We can finish the year somewhere between $1,220-$1,280, then it would
be a good recovery already and set a good frame for next year.’
December gold futures were last quoted down at $1,176.10 an ounce.

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