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evatsuk
Member since May 2012
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>Gold Overbought  - Adam Hamilton - Zealllc
The majority of the world's gold belongs to Central Banks and their behaviour is difficult to forecast as it depends upon political considerations. China is extremely underweight in gold, Portugal is overweight ...central banks move very cautiously if at all, so your figures need to be corrected to exclude central banks and the IMF.
Your basic point about structural bull market and conjonctural movements is probably well founded.


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Beginning of the headline : Gold has enjoyed an amazing rally in recent weeks, catapulted higher by the extreme fear sparked by the sharp stock-market correction.Naturally such big and fast gains have led to a surge in gold's popularity among investors and speculators, as everyone loves a winner.But gold prices flow and ebb like everything else, and this metal has become very overbought today... Read More
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