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Investors Beware! Gold Has Seen Its Peak - RBC

Discussion in 'Purchasing Precious Metals' started by southfork, Aug 3, 2016.



  1. southfork

    southfork Mother Lode Found Mother Lode

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    Looks like its time to buy.

    Beware! Gold Has Seen Its Peak - RBC


    Wednesday August 03, 2016 12:40
    (Kitco News) - Despite gold’s stellar performance this year and the risks surrounding financial markets, analysts from one bank think the metal’s 2016 rally may be coming to an end.

    “While we believe the rally has been completely justified, it was largely driven by just two forms of investor demand and we struggle to see how it goes significantly north of recent highs,” said Christopher Louney, commodity strategist for RBC Capital Markets, in a report released late last week.

    “We take the seemingly unpopular view, and contend that gold has already seen its 2016 peak.”

    Since the start of the year, gold prices have rallied over 28% and hit a two-year high of $1,377.50 an ounce in early July. Prices have since come off with December Comex gold futures last trading down $9.50 at $1,363 an ounce.
     
  2. birddog

    birddog Gold Member Gold Chaser

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    I am saving this one for later.....
     
  3. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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  4. solarion

    solarion Gold Member Gold Chaser

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    Oh dear...paper gold prices are down? Well that sucks, I guess I better just forget about paper entirely and buy some actual metal.
     
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  5. 917601

    917601 Mother Lode Found Mother Lode

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    image.jpeg ...hmmmm, my favorite MUX , is up a whopping 70 percent since Jan......I don't " invest " in paper gold often, but when I do.....everything in its time....a few 1000 more shares on the brief pullback will do me just fine ( and you to)...
     
    Last edited: Aug 3, 2016

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