News has been coming through in recent weeks of different central banks selling off some of their gold reserves in order to have the liquidity they need to shore up their currencies or purchase energy during this time of geopolitical turmoil in the Middle East. While that selloff has taken some steam out of bullion’s bull run, many analysts say this could be setting up the metal for its next climb upwards.
As that happens, Innes is convinced that gold will rally in a major way now that speculators have been forced to exit the market after its recent swings. Entities like Numa Numa Resources Inc. that are currently developing mining properties rich in gold deposits could be poised to benefit from the expected…
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