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The firm has recently introduced two new Gold Roll Programs: Gold Roll profits and Gold Roll Supply.Gold Roll profits is a 13 months program directing to gold miners and refineries.
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PDAC is the Prospector and Developers Association of Canada and they held their annual show in Toronto over three days, March 6-9. I didn’t attend, but reports show that the event was surreal. Over 27000 people attended this trade show. When gold was trading for $260 dollars back around the turn of the century the attendance was fewer than 2000. Nobody cared about natural resource stocks back then! This should tell you something. http://www.whatisgold.net
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Gold bullion production is a very good indicator of the strength of the gold bull market, however, it isn’t the full story. To continue, we must examine who exactly is buying the yellow metal and why. The largest buyers and sellers of gold bullion over the last 40 years are the world’s central banks. While central banks are really a whole other topic in their own, the most important point is that central banks keep reserves in the various world currencies such as US dollars, Japanese Yen, the Euro and, most importantly, gold.
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