Commodity Trade Mantra

Posts Tagged ‘Lower Gold Prices’

Any Global Event could send Gold Prices Soaring, Add a fall in Mine Supply to the Woes

The gold mining industry remains challenged by the legacy of fewer discoveries & most of those discoveries are of lower ore grades. Tight economics, quirky legal & regulatory environments in many countries hamper gold production. Add it all up & you have a recipe for falling production. Geopolitical tensions & uncertainty are rising around the world. Any global event could send gold prices soaring.

Goldman's Call To Short Gold, 5 Days After Saying Gold May Soar Much Higher

Last Wednesday evening, Goldman decided to be the latest to piggyback on gold’s torrid momentum, by saying “there’s scope for the gold price to extend much higher over time.” Less than a week later, as the gold momentum has been briefly snapped, that Goldman’s head of commodities has decided to take the other side & is now advising clients to short gold.

Warnings From Exponential Markets vs Gold

For the past 15 – 40 years, debt and most markets have moved upward in exponential trends. Expect debt to increase, politicians and central banks to spend and “print” more. Can we borrow our way out of debt and into prosperity? Typical government and central bank actions indicate the usual answer is yes. A more realistic understanding, which is coming, will boost gold prices.

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