IMF Is Selling Out Gold To Keep The Price Low










IMF so far still the net seller in the market and Asia still the big buyer, with now US have all the printed money to push they share market up so gold price may drop to 1,050 level to form a W pattern before any technical bounds up. The gold price to rally may likely start 2H2010 due to it need US to fully flow out all the printed money into market then the gold price will go up again.

US had to flow out the money to help they economic, people are no money and most of they people saving is in share market so the share market can not go down. Gold price is base on USD so any drop in USD value will make Gold price to go up.

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