Many recent events suggest that the central banks are getting close to the end of their supplies and that the physical market for gold is becoming increasingly tight.
- Source, Eric Sprott via the Globe and Mail:
Thursday, July 18, 2013
Why the Gold Bull Market Isn't Over
Recent dramatic declines in gold prices and strong redemptions from physical ETFs (such as the GLD) have been interpreted by the financial press as indicating the end of the gold bull market. Conversely, our analysis of the supply and demand dynamics underlying the gold market does not support this interpretation. Many major buyers of gold are adding to their stocks, while at the same time supply is flat or even decreasing, compounding an already vast imbalance.
Many recent events suggest that the central banks are getting close to the end of their supplies and that the physical market for gold is becoming increasingly tight.
Many recent events suggest that the central banks are getting close to the end of their supplies and that the physical market for gold is becoming increasingly tight.
