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Gold $2,334.42 $1.13 0.05% Silver $30.37 $0.04 0.13% Platinum $1,032.04 $3.11 0.3% Palladium $978.00 $12.91 1.34%

ROSS NORMAN - Gold locked into a self-fuelling feedback loop ?

ROSS NORMAN - Gold locked into a self-fuelling feedback loop ?

Identifying where the gold buying is coming from is essential as not all buying is equal.  

In strong hands such as central banks with a multi-generational view, the rally is 'high quality' and unlikely to be reversed, but with weak hands such as short term speculators, the opposite may be true. Two opposite outcomes.

And we are pretty confident we know who is behind the move...[LINK]

ZM Comment: The rise in gold, in the face of countervailing fundamentals has been vexing the market for several weeks now. Ross Norman offers an interesting theory on where the buying is coming from.

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