Top Fund Manager – Gold Should Already Be Above $1,900
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
kingworldnews.com / September 7, 2012
Today one of the premier gold fund managers in the world told King World News, “Gold should already be above $1,900, bearing in mind the policy moves we have heard about from both sides of the Atlantic.” Here is what Caesar Bryan, of the $33 billion strong Gabelli & Company, had to say: “Having regard to what the monetary authorities, both in Europe and the US, are doing, you could argue that the move in gold has been pretty mild. Yet we’ve come from, in the middle of August, $1,600 to $1,730. Gold should be at a new high. Gold should already be above $1,900, bearing in mind the policy moves we have heard about from both sides of the Atlantic.”
Caesar Bryan continues:
“This has been a major breakout in gold and silver, and we are still waiting for a major move from China. So these are early days in this gold move as far as I’m concerned. Despite how powerful this move has been, these are still early days when we look at what’s coming in the next month or two.
All of the key moving averages in gold were at about $1,621. Gold broke above that level, backfilled, and now we’ve put on $100 to the upside in fairly short order….
Thanks to BrotherJohnF
2012-09-07 12:36:45
Source: http://silveristhenew.com/2012/09/07/top-fund-manager-gold-should-already-be-above-1900/
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