The recent gold surge may reflect a belief that the European cental banks will soon renew their pact limiting gold sales. Article to this effect in the FINANCIAL TIMES.
More proof that the gold bull still has a long way to go? By the time it ends the western CBs will be purchasing gold at sky high prices rather than just limiting sales IMHO.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi
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