Gold Outlook 2011: Irreversible Upward Pressures And The China Effect

"Three Short to Mid-Term Trends

So, today I’d like to pick up where we left off last year with a review of three dominant medium term trends that put upward pressure on the price of gold in 2010 and will likely continue to in 2011. Then I’d like to look briefly at three longer term irreversible trends that will likely continue to put downward pressure on currencies resulting in upward pressure on gold for decades.

First, the three dominant mid-term trends we discussed last year. These are:

1. Central Banking Buying

2. Movement away from the US Dollar

3. China..."

at http://www.businessinsider.com/gold-outlook-2011-irreversible-upward-pressures-and-the-china-effect-2011-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1AHlIfcdI