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Mike Kosares: Why is gold up so much today?
12:24p ET Thursday, February 11, 2016
Dear Friend of GATA and Gold:
Mike Kosares of the USAGold bullion shop in Denver offers several explanations for today's explosion in the price of gold. As for the days ahead, Kosares asks: "Given the current situation with the major currencies, do you think present prices will dissuade China (for example) from further adding to its reserves or put a damper on the various repatriation efforts underway?"
Kosares' commentary is headlined "Why Is Gold Up Nearly $60 This Morning?" and it's posted at USAGold's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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