Gold and What Moves it.
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The Euro Is Far From Finished « Jim Sinclair's Mineset

Read and weep you expat euro snobs that swore the euro was finished. Those who looked me in face as if I was mad at lunch when bullish long term on the falling euro. Gold is why the euro is doing what it is doing, and mark of gold to the market will be universal among the strong currencies. Those that do not have or buy gold resisting marking their gold reserves to the market are sentencing their currency to the bottom of the batch.

 

I was shunned as too stupid to be alive when at $1.19 euro I warned there was a currency war that MSM was MOPEing the euro, but not to death. Plus the euro would beat the US and GB assault it was under.

 

You should have seen the face yesterday on the Bloomberg Money Bunnies when a talking head said $1.37 on the euro. $1.37 is too conservative, as is $3500 on gold.

 

Gold is going to and through $3500 in the reasonably near future. The point of this entire operation was to shake the tree to accumulate not in the paper market for gold, but real free gold in the cash market. ...

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Burma's raw Gold returns in pure form from China

Raw gold from Burma continued to flow out to China only to reenter the country to cost more than global prices, according to Myanmar Gold Entrepreneurs Association.

 

YANGON(BullionStreet): Raw gold from Burma continued to flow out to China only to reenter the country to cost more than global prices, according to Myanmar Gold Entrepreneurs Association.

 

Association said global gold price fell by $30 last week but local prices didn't fall by 10,000 kyat but only by 5,000 kyat after the markets were flooded with Chinese gold. ...

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Burma Gold dealers start brisk selling as Kyat gains

An ounce of gold is priced at 1,425,646.96 kyat in early trade Wednesday while kyat exchange rate for the day is at 857 to the dollar, down from nearly 900 a couple of months ago.
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