Dan Norcini on Gold Buying From the East

From King World News:

With a fierce bull/bear battle developing in gold around the $1,800 level, today King World News interviewed legendary Jim Sinclair’s chartist Dan Norcini.  When asked about the incredible strength in the gold market under the $1,800 level, Norcini stated, “Earlier today your source out of London mentioned the Chinese were paying a $17 premium for gold and an astounding $2.48 premium for silver vs the COMEX over in Shanghai.  This is absolutely incredible and you can see it in the charts.  The support that is underneath this market is rock solid, that’s the Asian’s that are buying in the London and COMEX markets.”


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