This rise might have to do with Blanchard's lawsuit going forward...
Barrick and Morgan Chase have 10 days to apply to Judge Berrigan for permission to appeal her decision to the 5th Circuit Court of Appeals. If her dismissal of the Barrick/Morgan Chase summary judgment motion stands, the Blanchard lawsuit would proceed with Blanchard empowered to compel Barrick and Morgan Chase to produce evidence and testimony prior to trial.
So while that has yet to be realized just yet, it is very helpful
because according to GATA Chairman Bill Murphy,
Blanchard's success in court is a victory for gold producers and investors, the free market, and a more honest international financial system.
I maintain that The gold fundamentals are a 10 Plus / Gold is EXPLOSIVE.
Because of the emergence of gold backed securities. Which is each share backed by physical gold, are trading on the Australian Stock
Exchange, and will be in the US, the UK and South Africa later this
year. World Gold Council is translating speculative interest in gold to
hard physical demand for metal.
Gold demand in India is far greater than what is reported, they know what is in store for the price of gold.
Lets not over look the following, of course this list can.
http://www.e-gold.com/e-gold.asp?cid=107245
http://www.dawn.com/2003/04/21/ebr5.htm
https://www.dbourse.com/guests/
https://www.1mdc.com/
http://pecunix.com/money.refined...buysell
http://gold-pages.net/Shopping/Coins_Bars_Bullion/index.html
http://gold-pages.net/World_Culture/
According to John Hathaway, Buying gold is currently retarded and antiquated, he says. The new securities change that at a stroke. Physical money, is being drawn into the gold market in a way that nobody can imagine.
Therefore the POG at $382/oz is hardly overheated.
All The Best! Seize the Day! MSO http://two-cents-worth.com/?107245&EG http://107245-USD1.00-Gold.e-gold.com
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