from Gold Silver Worlds:
In his latest interview with Kitco, Jim Rickards shares his opinion about the 6 bearish arguments from Mr. Roubini leading gold to below 1,000 dollar an ounce. That’s a bold statement which requires some thorough analysis. Jim Rickards comments in detail on each point. In this article we summarize Mr. Rickards’ main thesis related to the gold outlook, and describe his view on the inflation / deflation argument which we consider of utmost importance right now.
The gold price in US dollars reached its peak at around $1,920 in September of 2011. It has been in a trading range between $1,550 and $1,800 for a year and a half. Recently, the gold price has broken its support. It is trading between $1,325 and $1,480.
The six bearish arguments from Mr. Roubini:
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