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Caesar Bryan continues:


“Also, we have had oil doing pretty well and we have tensions building in the Middle-East, this is helping gold here.  Investors are moving into gold for safety and wealth preservation.  Gold is down from $1,900.  It bottomed and has had a decent start to the year and the background is very favorable.  I don’t think investors need much of an excuse to come back into the gold market.


People are still very underweight gold.  It’s a very under-owned asset.  Central banks have turned from sellers to buyers.  People in the Far East want to accumulate, so when you see dips in the price you are going to get buyers.  The physical market has tightened up a bit following the recent dips and now gold is popping higher....


Continue reading the Caesar Bryan interview below...  




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“We could easily go make new highs on gold and depending on what the background is, we could move somewhat quickly to $2,500.  I believe physical buying is strong here.  We’ve had the Chinese New Year and some holidays in India.  The bottom line here is on weakness, physical buying comes into the market. 


I’m sure there has been frustration on the part of those who buy for sovereign entities because there are no significant price retracements in the gold market.  But these buyers are fairly patient.  These types of buyers are in for the long haul, so they display some restraint and sensitivity to price.


It seems to me the Chinese authorities are encouraging citizens and they are content to see private investors accumulating gold.  The public sector, meaning the People’s Bank of China, needs to accumulate a significant amount of gold.


The fact of the matter is the East has the money, but they don’t have the gold.  The West has the gold, but doesn’t have the money.  So there is going to be a transfer of gold, over time, from West to East.  That’s the trend.


The Japanese public will also come into the gold market, but I haven’t seen that yet.  I expect them to enter the market at some point, but again we haven’t seen it yet.”


When asked about silver specifically, Bryan stated, “Silver actually looks very interesting here.  I’m not sure what’s going on there but looks like it wants to have a bit of a run to the upside.”


To learn more about Caesar Bryan, his management services and the Gabelli Gold Fund CLICK HERE. 


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

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