Gold set to hit $1400/oz in 12 months
Gold chart turn bullish yesterday even when dollar jumped against basket of currencies.
In spite of IMF 191 tone gold selling, gold future hold up above $1100/oz. Indeed, last gold bull run was sparked by the IMF 200 tones gold sales to India central bank (bought @ average $1050/oz) .
PPI/CPI number just released gives further support to gold ...
Chart: Gold set to hit $1400/oz in 12 months