Club Mulgoa

Sunday, January 16, 2011

Gold

Price of gold fell last Friday so expect a mini-massacre of gold miners today. But this will only be temporary. Chinese New Year is coming and the Chinese are now loaded with money seeking a home. And then there are the Indians who just love gold.

Forget the Europeans, they are the reason for gold going up in the first place recently with their debt problems. Maldives are now populated by Asian tourists. Europeans can continue to have their expensive habits in... Europe.

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