In Gold We (Still) Trust

Jordan Eliseo

ABC Bullion

It's been a tough few days for precious metal investors, with gold easing back toward USD $1170oz. The major damage was done earlier in the week, when high hopes of a resolution for a deal in Greece led to a sell-off, and the market hasn't gotten it's mojo back, with the dollar helping keep gold subdued. Short-term, a move lower toward USD $1150oz is possible, though local investors are likely to have any pullback cushioned by the AUD. Overnight, Incrementum AG released the ninth edition of the annual IN GOLD WE TRUST report, a must read for anyone interested in the precious metal market. It looks at the gold market from a variety of angles, discussing the still unresolved technical picture, a look at the global gold price, sentiment, gold stock valuations and ratios with gold itself. It also has some interesting statistics on gold in the context of portfolio diversification, a key area that is often overlooked in the sometimes emotional discussions we see regarding gold and its role in the modern economy, monetary system, and portfolio. (VIEW LINK)

Jordan Eliseo
General Manager
ABC Bullion

Gold and precious metal bull since early 2000. Have spent +25yrs working in investment analytics, research & portfolio construction, with a primary focus on the role of precious metals in investor portfolios. Author of two books on investing in...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment