Gold price resilient and set for an interesting year

How things have changed in terms of market sentiment towards gold in just a couple of months!  Heading into the end of 2015 virtually every bank analyst was predicting doom and gloom for gold as Fed rate rises would make holding gold less and less attractive.  They were falling over each other to predict ever lower prices – $1050, $1000, $900 or even less.  The only way was down.

There were some marginally conflicting analyses coming out – but only marginal – most seeing a continuing downturn in the first half or three quarters of 2016 but perhaps something of a pickup towards the year end.  But this all made depressing reading for the gold investor despite some fundamental supply/demand factors suggesting that this outlook might have been too pessimistic…

The above are the opening paras from an article I have just published on news.sharpspixley.com   To read the full article click here

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