Revisiting Gold
Gold has risen in the absence of dollar weakness and in the face of lower expected inflation relative to holding costs. It continues to be a self-fulfilling bull market, weak in comparison to those for base metals, that fortunately has little consequence for other markets. We renew our conclusion its path of least resistance is higher.
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Commentaries — April 12, 2006
Revisiting Gold Gold has risen in the absence of dollar weakness and in the face of lower expected inflation relative to holding costs. It continues to be a self-fulfilling bull market, weak in comparison to those for base metals, that fortunately has little consequence for other markets. We renew our conclusion its path of least… Continue reading Untitled