from Gold Silver Worlds:
In a recent presentation, Dundee’s Martin Murenbeeld explained the bullish and bearish forces at work in the gold market with some 50 charts. The slideshow is available below.
Looking back to 2013, it appeared that investors went heavily into equities which resulted in a massive negative correlation between stocks and gold. On the other hand, Chinese net imports from Hong Kong set record volumes.
More importantly, however, Murenbeeld looks into the gold price expectations for 2014 and 2015.
Bearish factors for 2014 and 2015: Basically, in sum, Murenbeeld sees the following bearish factors for gold’s price in the coming 18 months:
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