Sunday, August 07, 2016

This Is A Powerful Bull Market 
In Gold
Gold is in a strong bull market, & it’s only going to get better, this according to Barry Dawes, executive chairman of Australian–based investment firm Martin Place Securities. But, unlike the doomsayers, Dawes is calling for a global economic boom & thinks gold stands to gain. "This is a powerful bull market in gold," says Dawes, noting that even more powerful forces are at work that will change the global allocation of capital. "The world has never been as wealthy and the wealth is no longer a U.S. or Europe dominatd force. China, India and South East Asia are now wealthy blocs with over 3,300 million people," he said. In an interview with Kitco News, Dawes says he is calling for $1,500 an ounce gold by year end. "The strength in the gold market has been displayed since the lows in January 2016 and long before Brexit became a market issue. Markets respond to the major long-term issues and tend not to be reversed over short-term matters." .. 5 minutes

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