Last night did really remind me of the gold rush in old days, where people are busy to mine and own their own gold. Well last night exactly the same, except they are moving all their could save for to buy, buy, buy, buy gold, which rose from $1,313/toz. to $1,342/toz. A nice way to get our attention huh?
Well, it’s bullish now,? even though a lot of analysts say the gold would still be bullish in this uncertain moment, but I do have my own fear to see the rise of the price. You see… now I don’t know if the gold really does represent their price or just inflated by electronic trading, which only is churned up by demand and supply.
Anyway enough for my own chatter. The reason why people are moving their purchasing power to invest gold are:
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- The Bernanke said a new plan, regarding fiscal plan and planning to the U.S. central bank to buy more debt to help the economy. The problem that some investor had no faith regarding his new plan, especially to buy more debt. I mean… come one… who want to have faith on a country that wanted to have more debt?
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- Japanese cut their interest rate. Now this is the second hitter in the gold market yesterday. Here is some outlined report that might interest you.
?Monetary easing in Japan reinforces gold?s role as a store of value in a world of looser policy, as does the threat of competitive devaluation between major currencies,? Edel Tully, a London-based analyst at UBS AG, said in a report.
Happy investing, and remember that I also accept consultation regarding gold. Don’t forget to like us in facebook or follow us at twitter.
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