Gold Bugs

Frontrunning: November 3

  • Cubs Win 1st Series Title Since 1908, Beat Indians in Game 7 (BBG)
  • Trump, Clinton blast each other on character; Clinton rises in poll (Reuters)
  • Trump-effect grips world stocks, dollar (BBG)
  • No Brexit without Parliament approval: High Court (Reuters)
  • With Iraqi troops at Mosul's gate, Baghdadi promises victory (Reuters)
  • China Slowdown Deepens Looming Pension Crisis (WSJ)
GoldCore's picture

Gold forecasting is a mugs game at the best of times but given the uncertain geo-political situation, the fragile banking system and the very strong fundamentals for gold, it is hard to argue with Barnabas Gan of OCBC  or BMI. Gold should be meaningfully higher in the coming months and into 2017 as investors diversify into gold. Or rather we are likely to see dollars, euros, pounds and other fiat currencies continue to be devalued versus gold.