Why Gold Should Soar in 2015Every once in a while someone clearly explains the geopolitical forces that are directly affecting gold. This article and the book The Colder War, do a pretty good job of it. This is not something you'll see on CNN.
I believe, as many have stated here, that there is a confluence of conditions lining up in EGX's favour, i.e. mining law changes, low energy costs, ramped up Chinese appetite for natural resources and gold etc., but the single most important driving force will be the price of gold and the improved sentiment that will come from that. We don't know what the PEA's bottom line will be, but whatever it is, the price of gold will have a direct relationship.
From the Article
Grandmaster Putin's Golden Trap
"Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.
No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold.
Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold!
To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the RF coming from the sale of oil and gas over the same period." continued at:
https://www.gold-eagle.com/article/grandmaster-putins-golden-trap