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Greg Won predicts the magic number for gold's breakout

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Chris Powell

GATA

Published : December 04th, 2011

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FOLLOW : Central Bank

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Category : GoldWire

Fund manager Greg Weldon today tells King World News what he thinks is the magic number for gold's breakout in U.S. dollars. Reaching it, he says, is a matter of central bank efforts to persuade the markets that they'll succeed in reflating -- that is, devaluing currencies. (Gold is always ready to help them. All the central banks have to do is get out of its way.) An excerpt from Weldon's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/2_We...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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