Wed, Oct 1, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

$1000 gold price prediction should be ignored

Posted on 06 June 2013

A prediction was made recently by Nouriel Roubini: gold will likely move much lower, towards $1,000 by 2015. There are a number of problems with this argument. First, commercial investors covered their bearish bet in a big way.
Hedge positions from producers are at a record low, at 37,571 contracts. Second, inflation could still become a problem if energy prices rise. Even though inflation was below the Fed target in April 2013, it was helped by low oil prices………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37188 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031