gold still rising....Fluctuations in the live (dynamic) gold...

gold still rising....

Fluctuations in the live (dynamic) gold price can be viewed
at http://www.igmarkets.com.au/cfd/

And the AUS$ gold price in oz and Kg movements can be viewed at
http://www.finders.com.au/index.php?page=gold-price
This site is updated every 2 minutes but you have to hit the "refresh" key.

And from Mineweb...
"Gold's momentum is picking up dramatically - Eric Sprott"

..."India bought 200 tons of IMF gold and others will follow suit. We are also seeing many hedge funds and pension funds moving into gold. Whereas central banks used to sell gold, now they are buying it. Then there are the ETFs. You can just feel the momentum in gold-it's picking up dramatically."...

..."ES: Early this year I began to move out of some of our physical gold and into mining stocks. There have been a plethora of mining stocks that had incredible value if you could buy into the companies' production forecasts and buy into the price of the metal at the time. When gold was $850, we could buy stocks that in two years' time would have been trading at two times cash flow. When we were buying them at $950, we could still do that. There were some phenomenal values and most in an agglomeration of names no one's ever heard of. Many of them are new with things just starting up. Of course, they had financing problems because of the decline in the market. But the opportunities were overwhelming. So we bought a lot of stocks of that nature."....

Also on Mineweb....
...."Central banks to be net gold buyers this year - Blackrock

Such an occurrence would mark the first time in two decades that central banks have bought more gold than they sold
Author: James Regan (Reuters)
Posted: Monday , 16 Nov 2009

SYDNEY (Reuters) -

Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.

BlackRock is one of the world's largest fund managers, boasting a total $1.4 trillion under management across all asset classes. It is manager and adviser to the U.S. Federal Reserve and its views can influence the direction of global markets.

Evy Hambro, who runs two of the world's largest commodities funds, BlackRock World Mining Fund and Gold & General Fund, gave an upbeat outlook for gold during a media briefing in Australia.

His forecast for net central-bank purchases of gold this year would, if met, mark the first year in two decades when the world's central banks bought more gold than they sold. They have been net sellers of gold each year since 1988."...

and another..."The lifting of Vietnam's ban on gold imports could have some remarkable effects on the market"....