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Rate Hikes ‘Meaningless;’ Gold Has Already Bottomed -

Scorpio

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#1
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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#3
I think time will demonstrate Mr. P. Lassonde to have been incorrect w.r.t.

... Pierre Lassonde is confident in the mining sector for 2017, noting that gold prices bottomed over a year ago and should only move higher.
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
 

Scorpio

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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.