Article Excerpt:
“I’ve looked at a lot of speculation concerning the reason for the increase in the gold price in the last two or three weeks…It doesn’t seem to be a momentum or greed trade, but rather a fear trade. These are concerns about international bank solvency or concerns about what might happen at Jackson Hole, or what might happen with quantitative easing. I think it’s constructive that the gold price is moving on fundamental news, rather than the way it moved in 2010, which was a response to institutional momentum buying.
This will lead to a much stronger gold market…”
