1. kenyan care remains, no vote. Libtards and msm declare massive victory.
    Dismiss Notice
  2. Have a great weekend!
    Dismiss Notice
  3. Week of 3/25/2017 Closing prices & Chg Over Last Wk---- Gold $1248.50-- UP 18.30 Silver $17.75-- UP 34 Oil $47.97-- DOWN 134 TICS USD $99.42 -- DOWN 66 tics

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

    Joined:
    Mar 31, 2010
    Messages:
    12,662
    Likes Received:
    9,760
    Trophy Points:
    113
    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

    Joined:
    Feb 28, 2011
    Messages:
    2,267
    Likes Received:
    2,261
    Trophy Points:
    113
    I am saving this one for later.....
     
  3. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    11,053
    Likes Received:
    10,482
    Trophy Points:
    113
    Occupation:
    Architect
    Location:
    Cow Hampshire
    :belly laugh::dduck::tired:
     
    Uglytruth likes this.
  4. solarion

    solarion Gold Member Gold Chaser

    Joined:
    Nov 25, 2013
    Messages:
    2,574
    Likes Received:
    3,834
    Trophy Points:
    113
    Oh dear...paper gold prices are down? Well that sucks, I guess I better just forget about paper entirely and buy some actual metal.
     
    southfork likes this.
  5. 917601

    917601 Mother Lode Found Mother Lode

    Joined:
    Apr 2, 2010
    Messages:
    10,699
    Likes Received:
    8,452
    Trophy Points:
    113
    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

Share This Page