This ain't good, although I suspect its only temporary & also think Indian demand will be much higher this year than last, plus ETF investment is rebounding.
http://uk.reuters.com/article/2014/0...entFilingsNews
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This ain't good, although I suspect its only temporary & also think Indian demand will be much higher this year than last, plus ETF investment is rebounding.
http://uk.reuters.com/article/2014/0...entFilingsNews
Peter Schiff and resident gold 'expert' Daytr both get it wrong.
Again.
This doesn't look like much fun if you own gold (or silver).
Right JB?
A false breakout.
On the same S&D theme, I see Barrick produced 400k less ounces in Q2 14 than they did in the same quarter last year, ASIC of USD945/toz. Again suggests to me the price has to go up. In what is a high risk industry, for risk reward on capital expenditure at the current pog, the return doesn't stack up.
As most of us invest in Aussie gold producers here is a question for you. What is the most likely scenario going forward? Lower AUD & lower gold? Higher AUD & lower gold? Higher AUD & higher gold? Or my personal favorite lower AUD & higher gold?
The Aussie has also benefited largely from the carry trade. If its perceived that the Fed may move sooner rather than later, say early 2015 the interest rate differential will narrow & there will be a flood of dollars leaving the AUD. I wouldn't be surprised to see the AUD in the mid 80s before long.
Ron Paul says gold could go to infinity. I said the guy should be in a retirement village.
http://video.cnbc.com/gallery/?video=3000296633