Reuters report 2-5% price gain on week and marginal 5 tonne gain in SPDR ETF
This June 2014 Goldwatcher posting outlined an approach to gold as a contrarian investment that made sense when it was posted. Reports on gold all in production costs have since fallen by about $100 and may fall further as the effects of lower oil prices are factored in.
Elliotwave International have been forecasting near term gold price gains.
This comment is published for information & is neither advisory or an endorsement.
I started blogging on gold in March 2000 after Wiley commissioned me to write
‘The Goldwatcher – Demystifying Gold Investing.‘
The Goldwatcher was published in 2008. Within a few months after publication The Lehman Brothers liquidation and the Global Financial Crisis folIowed. Since thenThe Goldwatcher blog has been more and more about geopolitics and macroeconomics and less and less about gold.
The Goldwatcher blog published from 2007 to late 2014 was corrupted in the course of a software download. Previous Goldwatcher postings will be included in this blog as soon as the website is restored.
This new Goldwatcher blog will initially headline news and comment on matters affecting supply and demand for gold and the gold price.
TheGlobewatcher.com has commenced headlining news and comment on macroeconomic and geopolitical issues
Commentary and analysis on both sites will follow when the Money Printing book I am presently writing reaches the editor.
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John Katz – email@example.com