...and the call made it on Yahoo! Tech Ticker. Mr. Rosenberg has pinned his hopes on China. His model tells him that $2600 gold would be reached if the Chinese central bank increases gold reserves from its current 1054 tons to 10,000 tons. His forecast uses a already-issued recommendation from Ji Xiaonan, the Chief of the state-owned Assets Supervision and Administration Commission, for the central bank to do so over the next eight to ten years.
Interestingly, the Tech Ticker post goes into bold for some bullish items in the post. Looks like that Yahoo! blog can be counted in the gold-bull camp.
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