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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].

 

[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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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

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