Gold

By: Ian Campbell | Fri, Apr 13, 2012
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Why Read This: To observe and think about contrary views expressed in the last few days with respect to the prospective price of physical gold.

Featured Article: Paul Walker of GFMS Consultancy is reported to have said on April 12, 2012 at a conference in Johannesburg that:

The same article reports that concurrently Phillip Klapwijk, GFMS Head of Metal Analytics, thinks gold could drop lower from current levels over the next month or two, but that a "push toward $2,000 is definitely in the cards before the year is out, although a clear breach of that mark is arguably a more likely event for the first half of next year". Clear drivers of this view are said to be:

My Comments: While Mr. Walker's views should not be dismissed without thinking about them, it seems to me:

I suggest you read the referenced articles with an open mind, and only then reach your own conclusions on both Mr. Walker's and Mr. Klapwijk's views.

Gold: 'Well south of $1,000'
Source: Miningmx, Andre Janse van Vuuren, April 12, 2012.
Reading time: 4 minutes, thinking time longer.

Also read: GFMS cautious on short-term prices but sees new gold highs by early 2013
Source: Mining Weekly, Natasha Odendaal, April 11, 2012.
Reading time: 4 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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** through The Ian R. Campbell Research Initiative

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