Since the peak of the last gold bull market in September 2011, both buyers and sellers (mostly miners) of gold have been mired in a titanic and frustrating struggle to find an equilibrium clearing range, a price range that will ensure a steady amount of supply and demand growth year-in and year-out.
Unfortunately for many gold prognosticators (and gold bulls), unprecedented monetary and political events have conspired to thwart both gold producers and investors in finding a steady price range, resulting in heightened price volatility............................................Full Article: Source
|