The price of gold appears to have experienced a step-change in trajectory on the chart from the start of July.
In other news, Chavez decided to move Venezuela's gold from the US/UK/Europe, into more friendly locations (China/Russia -- or, "Asia" if you prefer..?). I wonder how many others are doing this too, less publicly?
I like the lines. :p
I would add that Chavez also took off his country money from BIS system and took it out to BRIC countries CBs in a single move. Jim Richards has a comment about it on kingworldnews.
One more issue - it was told that Chavez built a new safe place for their gold - this does take quite a time to do that - this shows how much behind we are... he made the announcement when all was ready and the other side had no other choice.
Going to take sub-$1700 to break that uptrend line today what what what?
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