There are many possible drivers for gold… including increasing international demand
Peter Boockvar join us to chat about the increasing demand for gold coins and bars in Germany. We then move on to other factors that could be drivers in the gold price.
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+1 – Agreed.
That comment is worth 100 U.S. dollars!
Very good interview guys. Germany does understand (and remember) the pressures fiat currencies will face in the on-going currency wars.
They certainly do, Shad!
Gold sure seems strong, again, today. Pushing through 1225 now and will hopefully keep chugging.
Agnico made another sizable investment in a junior today 15million for Belo Sun. Agnico has been super active on the juniors front in recent months. They clearly think a bottom is in and are making sure they are fully invested.
Agnico Eagle Announces Investments in Belo Sun And Pershimco
That’s a good point Peter that more and more of the majors are going shopping for smaller undervalued companies….. a sign of the times and where they think the market is at.
I jumped off the gold train too early. I am not buying back into NUGT until she pulls back into the 10s. I am also playing the oil game over in UWTI and hoping to make some money this $ummer. 🙂 I turned down a profit of 11% about a week ago because I have a GREEDY tight fist on my shares holding for more $$$. Come on $70 West Texas!
As more Europeans increasingly REALIZE their cash is increasingly trapped in the banking system… their purchase of precious metals will accelerate.
My 2cts
LPG