The Indian festival of Akshaya Tritiya is deemed important to gold demand and subsequent price action.
So who are you going to believe?
According to CNN Money, gold is in a bubble, we’ll see gold at $800 maybe this year or else in 2011, and high prices kept buyers away at the Indian festival this year.
http://money.cnn.com/2010/05/19/news/economy/gold.price.collapse.fortune/index.htm
Yet, every other news story, like this one:
tell the EXACT OPPOSITE, saying gold buying is higher this festival than last year!
Headline: “Gold sales for Indian festival rise 11 per cent”
Liar, liar, pants on fire. Check your sources CNN Money. Or are you just another hiree of the powers that be?
