Gold’s Artificial Lows – Price Surge Coming

August 10, 2015

Daily Gold Prices

Today’s Gold prices were USD 1,094.80, EUR 998.50 & GBP 707.74 per ounce.
Friday’s Gold prices were USD 1,091.35, EUR 998.99 & GBP 703.01 per ounce.
[LBMA AM prices]

Last week, gold and silver were mixed with gold marginally lower for the week – down 0.28% to $1,092.10 and silver up 0.4% to $14.77 per ounce.

Gold Price in USD – 1 Year

This morning, gold is 0.1% higher to $1,096 per ounce. Silver is up 0.74% to $15.02 per ounce.

Platinum and palladium are 0.74% and 0.5% higher to $973 and $607 per ounce respectively.

Gold’s Artificial Lows – Price Surge Coming

  • With gold languishing near deep secular lows, its technicals look hopelessly broken
  • Sentiment is off-the-charts bearish, with traders universally convinced gold is doomed to spiral lower indefinitely

  • But gold’s weakness this year is very deceiving, as it wasn’t the product of global fundamental supply-and-demand forces
  • Extreme record shorting by American futures speculators spawned these artificial lows
  • Gold’s imminent short-covering rally should be the largest ever, coming from record extremes

Continue reading Gold’s Artificial Lows  by Adam Hamilton

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Courtesy of http://www.goldcore.com/

Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

The volume of all the gold ever mined can occupy a cube 63 feet on each side.

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