Aree Chuk. I traded gold stocks through the US$300 low and up....

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samgribbles

159 Posts.

31/10/14

11:41

Post #: 14214792
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Originally posted by chuk ↑

Thanks Sam, but what do you think about the last part of my quote? You are in the camp of higher interest rates = lower gold but this does not hold during the two periods of recent very strong gold bull markets.

"Wasn't the entire global economy roaring ahead between 2001 and 2008 and weren't interest rates much higher over that same period than they are likely to be over the next 5 years (just look at how low the long bond rates are over 5-30 years)? Didn't the POG move from $256 up to $1000 over that same period of extraordinary global economic growth and higher interest rates? Didn't the same thing happen during the 1970-80 gold bull run (strong growth and record high interest rates)?"

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Aree Chuk. I traded gold stocks through the US$300 low and up. My view is demand for gold is strong, and will remain strong (as the likes of the Chinese and Indians getting richer spend more) and is not headed back to US$300/oz, but am of the view that it has another couple of hundred dollars to fall before resuming an uptrend in a few years time

ABU Price at posting: 34.0¢ Sentiment: Sell Disclosure: Not Held

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MML Price at posting: 58.2¢ Sentiment: Sell Disclosure: Not Held

NST Price at posting: $1.12 Sentiment: Sell Disclosure: Not Held

PRU Price at posting: 30.2¢ Sentiment: Sell Disclosure: Not Held

SBM Price at posting: 11.2¢ Sentiment: Sell Disclosure: Not Held

KCN Price at posting: 72.5¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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