Re: added some gold related positions today, managed leverage approaching 9-1 now...\
Yep, many naively think this Gold/Silver move is fully predicated on default, not even close
most of it being driven by expectation of massive QE3...note Treasuries, Gold, Silver higher, dollar down, equities however conflicted
also China with a mere 1.7% allocated to Gold with respect to forex reserves, have to assume they're buying big again right now with US credit rating under review and prospect of another round of dollar printing....that China gold allocation going to 10% over next several years
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