About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Wednesday, February 08, 2017

Gold Price

Gold economic fundamentals have been mildly positive since early 2016. As discussed over the
past year, the first rally off the 2016 lows in the $1050 oz. area was spectacular, but ended in fiasco
as speculators lost discipline and chased the metal up to 1375. I resumed posting positively on
gold on 12/7/16, and the market has begun a new trend up from the 1140 area. It broke resistance
at 1200 early this month and has gained steadily. The fundamental outlook for gold -- faster
economic growth, rising inflation, a gradualist Fed and dollar weakness remain in place, but so
does Gold's price volatility. The metal is now overbought in the short term. Gold Price

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