China's tighter monetary policy will hit demand and that will take out pressure on consumption side.
More Quotes from Michael Widmer:
Downward pressure on the US dollar is the main reason behind gold's rally. If you have worries about the imbalance, you would want to hold gold.Michael Widmer
Over the last two days, it's been geopolitical happenings that have supported gold prices. That China and Russia are supporting Iran's referral means the international community is taking it seriously.
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We may need another 200 million the year following and 200 million after that. Clearly, we have to phase in health care reform.
Michael Widmer
I would be surprised to see a massive increase in prices, but a slow creep up towards just below 570 would be on the cards this week.
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We were adamantly opposed to a payroll tax or an employee tax, but this is very different because it is tied to the actual cost of the pool.
Michael Widmer
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