John Embry, Sprott's chief investment strategist, believes gold is approaching a parabolic move up resulting from worldwide monetary mismanagement and the diminishment of central bank gold reserves, which suppresses the gold price. To view John's commentary from the latest issue of Investor's Digest of Canada, click the above-listed GATA link, and then click embedded URL.
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Embry: Gold on Cusp of Parabolic Move Up
Source: GATA (7/30/10)
"Parabolic rise near due to global money mismanagement, diminishing CB reserves."