Asian buyers to support gold as balance of power shifts * ProactiveInvestors
Published 3/26/2010
Gold is likely to remain becalmed in the short to medium term, as investors wait for significant signs that inflation is coming back into the system.
But, in the longer term, a better understanding of Asian economies is needed to fully understand where gold is going.
Investec investment strategist Michael Power, speaking to Mineweb says that while the dollar is likely to remain the most important currency cross to look at when considering the price of gold it is becoming less and less important.
A significant positive move still seems more likely than a negative one.
The Au bull has just started the bull run - its a long bull run to the fair market price -
e.g., John Williams of Shadowstats calculates government numbers as they were once reported before the inputs were changed in order to make results appear better than they are in reality.
Using metrics of days gone by and not using seasonal adjustments he calculated the inflation adjusted;
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