It was a week of ups and downs for gold, which traded between about US$2,325 and US$2,361 per ounce.
David Morgan of the Morgan Report commented on a different angle for Chinese demand in a recent interview. In his view, it could be significant if retail traders in China wake up to the opportunity in silver.
“If the Chinese retail market has caught on to the silver market, watch out. I mean, you’ve got 1.4 billion people — not all of those people are going to be silver investors, I realize. But the point is there’s a lot of Chinese and they love the markets,” he said. Stay tuned for the full interview with Morgan next week.
If BHP wants to make another bid for Anglo it will have to wait six months.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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