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Gold Resumes Surge As NEW QE Rumor Is Back

Posted By yihan On April 12, 2012 @ 8:38 am In Money Watch | Comments Disabled

Zero Hedge [1]
Thursday, April 12, 2012

We guessed it wouldn’t be too long before the next rumor was dropped and Gold is surging – now over $1670 – on this latest chatter… Don’t tell Gartman, but gold is now of 5% higher in math terms from the minute the “world renowned” gold swing trader sold everything 7 days ago [2].

 

Gold Resumes Surge As NEW QE Rumor Is Back 20120412 Gold 0 [3]

Chart: Bloomberg

Incidentally, for all those lamenting the alleged endless manipulation by this bank or that, here is the math: one could have bought much more gold at the manipulated lower price of $1610 from a week ago, than today. Always pays, literally, to keep things in perspective.

 


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URL to article: http://www.prisonplanet.com/gold-resumes-surge-as-new-qe-rumor-is-back.html

URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/gold-resumes-surge-new-qe-rumor-back

[2] sold everything 7 days ago: http://www.zerohedge.com/news/dennis-gartman-now-long-flip-flopping-laughing-stock-terms

[3] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120412_Gold.png

[4] IMF Resumes Direct Gold Dumping, Sells 10 Tons Of The Shiny Metal To Bangladesh: http://www.prisonplanet.com/imf-resumes-direct-gold-dumping-sells-10-tons-of-the-shiny-metal-to-bangladesh.html

[5] Gold Bears Revived as Rout Resumes After Coin Rush: http://www.prisonplanet.com/gold-bears-revived-as-rout-resumes-after-coin-rush.html

[6] The Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 And Higher: http://www.prisonplanet.com/the-imminent-2-5-trillion-debt-ceiling-hike-will-unleash-a-gold-price-surge-to-1950-and-higher.html

[7] Is Gold No Longer A Safe Haven? Not According To Capital Economics: “Gold Will Surge When Euro Crisis Escalates”: http://www.prisonplanet.com/is-gold-no-longer-a-safe-haven-not-according-to-capital-economics-gold-will-surge-when-euro-crisis-escalates.html

[8] Greeks Turn Savings To Gold And Perth Mint Silver Coin Sales Surge To Record On Safe Haven Demand: http://www.prisonplanet.com/greeks-turn-savings-to-gold-and-perth-mint-silver-coin-sales-surge-to-record-on-safe-haven-demand.html

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