hmm tough call on a bloke that had enough cred that he used to advise governments!
His theory is based on the fact that central governments need the gold price that high to help balance their budgets, it's why many central banks have been buying gold. And, the US government has its own clause to re-price gold which they could do (once they have finished buying) and have done before! If you search 'Luke Gromen' on youtube you should find some interesting interviews where he discusses this theory.
Gold and macro environment, page-9
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Last
$1.32 |
Change
0.075(6.05%) |
Mkt cap ! $1.463B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.36 | $1.30 | $9.643M | 7.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38428 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 21200 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SPR (ASX) Chart |