A contrarian take; on why the worst may be over…
Frankly, it is hard to see a bullish report on gold in the global scenario. Let us look at gold prices in dollar terms. Between August 2011 and August 2015, the dollar price of gold has fallen from $1900 / troy oz to below $1100 / troy oz. As if this 45% fall was not enough, most market analysts are predicting that gold will go below the psychological level of $1000 / troy oz. While it is hard to comment on levels, there is a strong possibility that gold may begin the process of bottoming out. Let us bust a few myths about gold. Continue reading
