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Jan Nieuwenhuijs: Is gold at a turning point?
By Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Wednesday, November 9, 2022
Gold is in a transition phase. In the past nine months two key developments -- war and inflation -- have made gold trade much stronger than how it was priced from 2006 through 2021.
Both developments are likely to stick around in the coming years and will prove a tailwind for gold. Moreover, the current monetary environment is adding support to the gold market as governments and central banks risk insolvency.
For the medium- and long-term I'm therefore optimistic on gold. In the short term gold still has downside risk due to rising interest rates and the possibility of collapsing asset markets triggering a liquidation event. ...
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