TreasureHunter
Well-Known Member
Perhaps the 2013 autumn scenario will repeat itself. Gold will continue dropping until December, January even.
http://www.primevalues.org/market-watch/gold-price-fall-autumn-2014.htm
FOMC meetings: September 16-17, October 28-29.
These dates will probably be about further tapering.
And tapering combined with weakened investor sentiment and EU weakening (in the trade and financial war with Russia) - the US dollar will gain. For a while it will be so...
HSBC expects 1,150 $ minimum level for gold this year. I think that's doable with some tapering...
I think all these bearish signals will eventually run out and gold will start ascending. By that time, Russia will have responded harshly to the West's sanctions, EU might eventually make a compromise with them and stop hurting itself with anti-Russia sanctions...
2015-2016 might bring a gold price recovery?
I think, by that time the Fed will run out of the tapering opportunities and more countries will have phased the dollar out.
Russia's punch against the petrodollar will make its effects felt in a matter of years. Let's keep in mind - the World's biggest producer of oil has ceased sales in USD.
Russia is also the second largest exporter of oil.
I see a downward slope for gold on the near term, but this gold-buying opportunity may never return.
This is merely the result of the conjuncture, there's nothing wrong with gold investing.
http://www.primevalues.org/market-watch/gold-price-fall-autumn-2014.htm
FOMC meetings: September 16-17, October 28-29.
These dates will probably be about further tapering.
And tapering combined with weakened investor sentiment and EU weakening (in the trade and financial war with Russia) - the US dollar will gain. For a while it will be so...
HSBC expects 1,150 $ minimum level for gold this year. I think that's doable with some tapering...
I think all these bearish signals will eventually run out and gold will start ascending. By that time, Russia will have responded harshly to the West's sanctions, EU might eventually make a compromise with them and stop hurting itself with anti-Russia sanctions...
2015-2016 might bring a gold price recovery?
I think, by that time the Fed will run out of the tapering opportunities and more countries will have phased the dollar out.
Russia's punch against the petrodollar will make its effects felt in a matter of years. Let's keep in mind - the World's biggest producer of oil has ceased sales in USD.
Russia is also the second largest exporter of oil.
I see a downward slope for gold on the near term, but this gold-buying opportunity may never return.
This is merely the result of the conjuncture, there's nothing wrong with gold investing.
