Gold Bugs are abuzz with rumours of a gold short squeeze & the transfer of gold from London vaults to Hong Kong and so on!
While its just to early to say if this is a just a coincidence; a new precious metals storage facility has just opened in Hong Kong.
Frank Holmes CEO and chief investment officer at U.S. Global Investors does some interesting analysis on the historical performance of gold in the month of September
Nothing has changed since my last write up on gold :
GOLD : LONG TERM CHART ANALYSIS on the 21st of July 2009.
This is quite a sudden break to the upside, so let's wait and see how GOLD ends this week!