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Rate Hikes ‘Meaningless;’ Gold Has Already Bottomed -

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Mar 4, 2017.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    vid interview at link:

    Rate Hikes ‘Meaningless;’ Gold Has Already Bottomed - Lassonde


    Mar 03, 2017
    Guest(s): Pierre Lassonde Chairman, Franco-Nevada


    Mining magnate and chairman of Franco-Nevada Pierre Lassonde is confident in the mining sector for 2017, noting that gold prices bottomed over a year ago and should only move higher. Speaking with Kitco News at the BMO Metals & Mining Conference, Lassonde said expectations that gold prices will fall under pressure because of increased interest rates may be misplaced. ‘The rate hikes are meaningless,’ he says.

    http://www.kitco.com/news/video/sho...s-Gold-Has-Already-Bottomed---Pierre-Lassonde
     
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  2. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    gold mining production is down due to lack of projects,

    potus wants lower US dollar, so eventually will work to help gold

    etc
     
  3. Winston_Room101

    Winston_Room101 Seeker

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    I think time will demonstrate Mr. P. Lassonde to have been incorrect w.r.t.

    If Lassonde was referring to a " short / medium term " Low then fine

    http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&st=1972-01-01&en=2001-06-29&id=p07519703976

    IF

    the Gold Price High of 2011 turns out to be as Significant as was the Gold Price High of 1980 ( approximately 31.5 years Peak-to-Peak )

    THEN

    the Low, subsequent to the 2011 High, might not be observed for several years

    http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&st=1972-01-01&en=2011-12-29&id=p48161083114

    There are many that contend that the Low in US $ Price of Gold has already been seen

    My point of view is that the timing was not correct for such a Low

    ICBW
    WWC
     
  4. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Hey up WR

    I disagree that the 2011 high was a significant high,

    While gold did set some new all time highs, silver never did make progress over 1980.

    When coupled with stock markets, inflation of money over the period, etc. I do not believe that the 2011 was a culmination, but the taking of but a peak in the longer term bull. With us currently being in the inevitable valley until we start the climb to the ultimate tops.

    I put up numbers back in 2001-02 that called a final top in silver somewhere around 180 with gold somewhere around 4500-5000. That was long before the excessive monetary expansion worldwide since then. Meaning that those numbers should be a minimum.

    Which of course many will just state wishful thinking, and I get that.

    In the meantime, I hold to pass it on, not overly worried about how long it takes.

    edit to add:

    back then, we had assumed and calculated that there would be a major run into 2012. It arrived about a year earlier than forecast.
     
  5. Au-myn

    Au-myn Founder Founding Member

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    I hear you, Scorpio.

    My numbers back then were $100-120 Silver and $3500-4000 Gold.
     
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