http://money.cnn.com/2015/11/12/investing/us-gold-demand-surges-markets-fed/
U.S. demand for gold bars and coins surged 207% during the third quarter, the World Gold Council said on Thursday.
The skyrocketing demand signaled a level of interest in gold investment
"not seen since the global financial crisis," the group said.
The U.S. Mint backs up that assessment. It said gold Eagle coin sales
surged to nearly 400,000 ounces last quarter, the highest level in more
than five years.
I believe we are within weeks of a bottom in the gold price.
ReplyDeleteNow if we can just survive peak government....
Both gold and silver charts are in a tightening (narrowing) trading range and will resolve one way or the other soon. The absolute bottoms (imho) will be;
DeleteGold $1,078.50
Silver $13.95
Any weekly close below these levels will portend much lower levels. Any intra-day dips below are nothing but noise (manipulation) Still waiting for weekly confirmation to back up the truck!