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Is the present gold market accumulation phase gathering steam?
*JSMineSet, by James Sinclair, March 22, 2007
“The script has played out so well that $682 and $761, which seemed so far away to some only a short while ago, is now in the crosshairs of the price of gold. The USD, which may take the title away from Fannie and Freddie as the “slowest train wrecks” in history, gained a little in an inside day at the paltry .8281. The yen weakened as the media discontinued its blasting away at the yen carry trade nonsense where gold is concerned. Instead they were mesmerized by the discovery of the housing flop as if it did not exist two weeks ago.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.