Dundee has nine bullish arguments
- Global fiscal and monetary reflation: PIIGS, US, etc.
- Global imbalances: the dollar must decline
- Global FX reserves are “excessive”: diversification
- Central bank attitudes to gold: now positive
- Gold is not in a bubble: room to rise
- Mine supply is flat: “peak” gold?
- Investment demand: long-run uptrend
- Commodity price cycle: many years to run
- Geopolitical environment: positive
and six reasons for caution.
- Policy “exit strategies”: in US, Asia, Europe
- Strong dollar: gold correlation will turn negative again
- Deflation: government debt more attractive
- Liquidity of last resort: for Greece, Italy, ...?
- Dehedging finished: hedging to recommence?
- A Chinese recession: commodity demand will decline, possibly gold demand too
Enjoy this handy compendium of gold data.
Dundee Gold Monitor Chart Book
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