Five Metals
Those who frequent the precious metal forum www.silverstackers.com will know the name goldpelican, who is the forum administrator as well as one of the guys behind http://www.goldstackers.com.au/store. Well he has just started a blog called Five Metals and his first post is on a favourite topic of mine – excessive coin premiums. Worth adding to your blog reading list.
The chart below from WSJ via Zero Hedge shows a complete lack of consensus amongst banks as to gold’s future direction. That may translate into a sideways market as participants compete on their view.
Thankfully there doesn’t seem to be many forecasting prices below $1000.
Steven Saville made a good point about gold futures and arbitrage in this blog post, noting that:
Strangely, many gold ‘experts’ assert that gold is different due to its dominant monetary and store-of-value roles, but then insist on applying a traditional commodity-style method of supply-demand analysis.
“My personal blog on all things precious metals. This blog is not endorsed by the Perth Mint (who I work for) in any way. For more background on me and this blog see About This Blog and my LinkedIn Profile.”
Source: http://goldchat.blogspot.com/2015/11/five-metals.html
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