"
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...."
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