Koos Jansen continues his brilliant work and reports that gold demand in China remains very strong. It is the very interesting confirmation for the strong physical market in light of the recent call from Charles Nenner for Gold cycle to bottom now. Capitulation in Gold miners last week "leaves no hope for any life after death in the sector", calls for gold below $1,000 are getting louder - are these the real signs of the bottom to be made now?
Charles Nenner: "We are at the bottom of the cycle for Gold with $1150 target." Nobody knows the future for sure, but this interview is very interesting - it was published on October 7, 2014, particularly when you consider the last week blood bath in gold miners which looks like total capitulation. Can Swiss Gold Referendum bring us necessary catalyst? Read more."