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Koos Jansen: GOFO is negative again, indicating a new rise in gold
10:27a ICT Friday, April 4, 2014
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen writes this week that the one-month gold forward offered rate (GOFO) has turned negative again, indicating that gold is in more demand than dollars and, if patterns hold, a new uptrend in the price of the monetary metal. Jansen's commentary is headlined "GOFO Turned Negative Again: The Consequences" and it's posted at his Internet site, In Gold We Trust, here:
http://www.ingoldwetrust.ch/gofo-turned-negative-again-the-consequences
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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