CHINA’S INSATIABLE GOLD DEMAND TO DIVERSIFY ITS EVER GROWING FOREIGN RESERVES ALL BUT GUARANTEES THAT GOLD WILL CONTINUE MAKING NEW All-TIME HIGH PRICES FOR MANY YEARS TO COME.
In late 2011 gold forged a new record all-time high…topping $1,929 (intra-day) with its eye on $2,200 in 2014.
The following charts show gold prices in ALL major global currencies recently made record highs:
US Dollar gold Price is near an all-time record high
http://tinyurl.com/27j6ema
Euro Gold Price forged a new all-time record high in September.
http://stockcharts.com/h-sc/ui?s=$GOLD:$XEU&p=W&yr=20&mn=0&dy=0&id=p18243980294
Chinese Renminbi Price at an all-time record high...up 555% since 2001
http://fx.sauder.ubc.ca/cgi/fxplot?b=XAU&c=CNY&rd=*&fd=1&fm=1&fy=2001&ld=6&lm=1&ly=2013&y=daily&q=volume&f=png&a=lin&m=0&x=
Japanese Yen Gold Price is NOW at a new all-time record high
http://tinyurl.com/y7puspr
Pound Sterling Gold Price is near an all-time record high
http://tinyurl.com/y5suuju
Swiss Franc gold price is near an all-time record high
http://tinyurl.com/y54876g
Canadian dollar Gold Price is near an all-time record high
http://stockcharts.com/h-sc/ui?s=$GOLD:$CDW&p=W&yr=20&mn=0&dy=0&id=p26449480401
In April 2011 silver nearly reached the all-time high of $50. However, it suffered a large decline in the first week of May, which was caused by the CME hiking the margin requirement four times. Nonetheless, silver is well on its way again to $50/oz in 2013.
http://tinyurl.com/2furw27
RECORD HIGHS AND GOING HIGHER ARE EXPECTED IN 2014....as all world economies inflate their monetary base to vastly increase liquidity with the objective of averting another 1930s-like global depression.
Consequently, we may expect the US$ gold price to forge ahead to $2200 and $50 silver...in the next several months.
Gold is presently consolidating in a secular bull market.
November 9, 2013 - 11:07
#1
Gold is presently consolidating in a secular bull market.
