Commodity Trade Mantra

Posts Tagged ‘Demand and Supply’

Gold Price Declines and the Grave Dancers

We regard the excessive grave dancing & the utter conviction with which gold is declared to be “doomed” as an outstanding contrary indicator. It means that a major trend change has to be very close. This is not to say that gold cannot fall further in the short term – but the long term outlook has greatly improved by the three waves of extreme bearish sentiment we have seen since 2013.

Primary Reasons Why China Wants Low Gold Prices

People believe that the gold price will fall further in 2014 despite indications that Chinese demand will continue at current high levels…if not rise more. A question not thoroughly explored: “How can China buy well over 2,000 tonnes of gold without sending the gold price rocketing?”

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