RE: RE: Gold’s bull run seen topping out in 2013/1
"I guess it's easier to place the focus on me than on the reality of the article.
It's easier for you to live in a state of denial than in reality.
I get it.
Welcome to Fantasy Island."
The reality of the article is that its just one persons opinion. Surprisingly, the author of the article did not mention that diesel subsidies are ending in India. More so than the increase in tariffs, higher diesel prices will have a greater impact on India as a whole in regards to the ability to buy gold (ie: affordability). Right now, many analysts are attributing golds recent strength like a pick up in demand in a historically slow month to advance buying out of India. If so, this will no doubt dampen demand in gold over the near term due to less pent up demand for gold out of India. Like the price of gold itself and or the costs to buy gold itself in India has demonstrated time and time again, this too will pass and normalize over time. Hence, gold is apt to remain steady with some upward pressure and that bolds well for EQUITIES. You know, those companies that actually produce gold where and with fluctuations in the gold price keeps investors on the sidelines.
Welcome to the real world!
Whereas some analysts are coming back on the prospects of gold prices in 2013, they are upping their opinions of gold equities at the same time. On the surface, this doesn't make much sense. If one were to look deeper, what they are saying is that ETF's and Bullion will be replaced by Equities with respect to investor attention and focus. Afterall, that is where the value currently exists.
Once again, thank you for playing!