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Goldman's 'gold is dead' call is perfect contrarian indicator, Ron Rosen says - Chris Powell -

Tan is right. During partiton between India and Pakistan in 1947, it was only gold that we could manage to conceal and carry leaving our landed properties and farms behind. Gold was concealed in all possible nooks and corners of our physical self, especially women hid it in their hair and clothing. Some of us who got cornered bartered gold to save our lives. Gold also helped in rehabilitation and making a new beginning. Gold's low volume and high value came to the fore. The history of the human civilisation establishes the connect between mankind and gold.Many an empire fell because of it ( Timur invaded India 17 times) but gold still reigns supreme, only changing its masters.

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Début de l'article :Financial letter writer Ron Rosen today tells King World News that Goldman Sachs' call for the end to the gold bull market is a perfect contrarian indicator. Rosen compares recent gold charts with charts from the gold bull market of the 1970s and sees great similarities. An excerpt from Rosen's interview is posted at the King World News blog here: http://kingworldnews... Lire la suite

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