Gold, silver, platiniun, palladium looks extremely bullish in 2012

Monday, January 9, 2012
By Paul Martin

GOLD High : $2100 Low : $1590 Average : $1765
Black swan events are by nature high-impact, hard to predict and beyond the realm of expectations. By that reckoning financial markets are awash with them and forecasting for Goldin this environment is treacherous. Never has forecasting been so difficult – gold’s fortunes are primarily linked to those of the dollar and the Euro and by extension to decisions made by politicians.

Fundamentally gold remains a good bet – the market is supply constrained and demand in Asia remains robust. As such gold has a strong underpinning. However the ‘economic premium’ in the gold price may remain volatile, reflecting increased uncertainty and heightened anxiety during H1. On the negative side a firmer dollar (in election year) could provide a drag on runaway prices.

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