Is there no end to the pain

Jordan Eliseo

ABC Bullion

Is there no end to the pain? Thats the question gold investors are now asking after the metal suffered yet another fall last week, essentially giving up all of 2014's gains. With the recent weakness, and seemingly unstoppable USD strength, markets are now convinced the bottom for gold is yet to come, with predictions of a price in the $700-$800 region. Are they right? Possibly, but with sentiment already back at levels not seen since 2009, and ETF holdings back at levels last seen before QE1 even started, we're not so sure. We're also encouraged by the 'fact' that there is simply no reason to buy gold at this time in the minds of Western investors and the fact that Warren Buffet Hates Gold articles are popping up in the media again too. More detailed thoughts here (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...

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