Wednesday, June 22, 2016

Indian Monsoon To Hurt Gold Prices; 
Brexit Fears Recede
Gold continues to be one of the best performing assets this year, but some investors seem to be agnostic when it comes to the metal. Frank Holmes, chief executive officer for U.S. Global Investors, explains that the metal headed lower for a second-straight session on Monday as growing expectations that the U.K. will remain part of the European Union lifted investors’ appetite for riskier assets & prompted a rally in global stock markets. Another risk he sees is the start of the monsoon season in India, which would hurt crop production and in turn, gold demand as investors lose purchasing power .. 3 minutes

1 comment:

Anonymous said...

Gold expert and author of “$10,000 Gold,” Nick Barisheff, says all markets are manipulated and fraudulent. Barisheff predicts, “This has been happening in all markets. When you have a manipulated market, at some point in time, you have a massive correction back to what would be the norm. It usually overshoots the norm. It’s like keeping a balloon under the water. Sooner or later, it’s going to pop. That’s what we’ve got now.”