GOLD 0.51% $1,391.7 gold futures

There is an alarming dearth in commentary about the lackluster...

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    There is an alarming dearth in commentary about the lackluster response of the gold price to an event not seen in a generation (or ever).

    The demand for gold is not there. If there is truthfully a gold safe haven mandate then why has it not materialised? Demand relative to supply causes increase in prices that is an irrefutable fact. Yet, here we are in the midst of major economies around the globe shutting down and the gold price has appreciated a miserly 7%.

    Why is nobody talking of this. That is a massive warning sign of an imminent crash in the gold price in our view. An insignificant response to a never before seen disruption to economies can hardly raise a flicker in the gold price.

    Watching very closely we expect a sharp drop in gold price to around 1360 by Sept as economies increasingly re-open.
 
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