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When I sift through insider buying information, there's one type that really grabs my attention... It’s when the chief financial officer (CFO) of a company is a large and regular buyer of his company's stock.
Central banks - the long-time nemesis of the gold sector - are doing an about-face to become its biggest supporters. And this quantum shift promises to gather momentum in 2010 with the prospect of a new era of net buying continuing to fuel robust demand for bullion. According to John Embry long-time gold advocate and the chief investment strategist at Toronto-based Sprott Asset Management, central banks will most certainly underpin the price of gold next year.
We have consistently warned (and continue to do so) that gold’s advance would be marked by high volatility and occasional sharp reversals that would lead some to believe the long bull market in gold has ended - and we will continue to hold this view even if the metal falls back yet another $100 an ounce.
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