The strength was incredible in our opinion. We read that a lot of gold mining capacity was wiped out in 2013. Asia and India are crazy about gold. Germany wants to bring their gold home. I wouldn't mess with Merkel, she knows her stuff. Why does everybody want gold and the media is trying to get you to sell it. Thanks for the tip- now go buy the candy crush IPO. I'll follow the Central Banks money. A lot more investors are using it as a store of value given the current global social-economic environment. Make no mistake- there is global financial risk with the end of tapering. We (The U.S ) have no choice but to create large amounts of liquidity in the treasury markets. That means rates have to go lower to allow global inventory to clear out first ( maybe even let the dollar fall a little so it can strengthen later), and that means gold is going a lot higher....next immediate stop $1400. It should get there pretty quick.
Word on The Street is "If you are still shorting gold, you better fold".- Stockspeare 3/20/2014
