Look at a gold chart and you'll note the precious metal practically everyone loves to belittle and avoid today made a double bottom around 1,200 an ounce back in June-July.
Since then it's staged a slightly better than 10% rally to close recently around the 1,334 level. Prices in the past week, according to today's WSJ, are up 4%. So what's it all about, Alphie, when you sort it out?
One word: China.
http://online.wsj.com/article/SB10001424127887323446404579008372464837550.html?mod=ITP_moneyandinvesting_2
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