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If gold were to start moving appreciably higher it would damn all paper currencies…and given the current fragile state of the global economic landscape…governments around the world simply cannot, and will not, allow that to happen. They sit on big stocks of gold and, if necessary, they will use those reserves as a tool to crush rallies. I believe, therefore, that gold will soon revert to bear mode trading. My price target remains at the $880 level.
The above comments, and those below, have been edited for the sake of clarity ([]) and brevity (…) to provide a fast and easy read and have been excerpted from an article* by Andrew Hecht (commodix.com & technomentals.com) which was originally entitled Will Raging Gold Bulls Be Losing More Dinero? and which can be read in its unabridged format HERE.
Eventually, one day and maybe in a few years, all of the easy money policies will catch up with markets and inflation will rear its ugly head, but not just yet…These days we are staring down increasing odds for global recession or deflation. For now, the central banks around the world are in charge and…will ban gold from moving too much higher.
One thing I am sure of, however, is that in the years ahead – and from a much lower level – gold will wear the championship belt once again. However, not just yet – there is more dinero to lose.
As a bonus, I have prepared a video (one-time registration required) on my website Commodix that provides a more in-depth and detailed analysis on gold right now to illustrate the real value implications and opportunities available in markets today.
*http://seekingalpha.com/article/3443986-will-raging-gold-bulls-be-losing-more-dinero?ifp=0&app=1 and https://commodix.com/will-raging-gold-bulls-be-losing-more-dinero/
Related Articles from the munKNEE Vault:
1. I See Gold Dipping To – Dare I Say – $880ozt. Here’s Why
Several signs have been flashing for the past year that gold has become too big for its britches and will eventually adjust to a lower price which could push the yellow metal off the edge of a cliff to – dare I say – not just below $1100 or $1000 per troy ounce, but to $880ozt.
2. Gold ‘s Price Is Mostly Affected By These Macroeconomic Factors
For relevant analysis of gold prices, the so-called “fundamentals” provide scant help. What is required is an understanding of the macroeconomic drivers at play. This article addresses 9 such factors.
3. Gold Won’t Shine In the Near Term – Here’s Why
Our analysis reveals a bearish outlook for gold over the next 3 months based on the following fundamental and technical factors:
4. …and the Top 15 Hoarders of Gold are….
This chart from Morgan Stanley using World Gold Council data shows which countries, central banks and funds are hoarding the greatest amount of gold:
5. Retraction: Armstrong Says Gold Has NOT Bottomed
What Mr. Armstrong writes in his articles is done so poorly it is almost always confusing and often virtually incomprehensible but it has a way of providing cover for what he says. A case in point is the inference in an article last week that gold had bottomed, would begin to rise substantially sometime after Oct. 1st and eventually reach $5,000+ sometime during 2016. His latest article disclaims those inferences. Here’s what he now says by way of clarification:
6. Analysts: Gold Will Bottom Somewhere Between $725 & $1,000/ozt.
Much has been written over the past few months as to just where gold (and silver) is headed. In light of the recent significant drop in price below is substantiation for such a decline and several projections as to where the price correction will bottom out and the timeframe for such price action.
7. New Update: Gold & Silver Will Plummet In 1st Qtr. of 2016 – Then Go Parabolic!
My new analyses of gold & silver indicates they will both continue to show weakness throughout the balance of 2015, plummet to $725ozt. & $12ozt. respectively, during the 1st. Qtr. of 2016 and then go absolutely parabolic in price by the end of 2016/early 2017. Below are the specific details of my forecasts (with charts) to help you reap substantial financial rewards should you wish to avail yourself of my insightful analyses.