Eagle Research Advisory

Dec 2013 - Gold and Money

Gold and the Business of Making Money

Most Chinese gold company presenters were bearish at the China Mining 2013 Conference held in Tianjin in early November 2013, believing that gold would probably trade between $1200 and $1400 (or $1500/oz) for the next 2 years. CRU were more bearish, perceiving gold to trade at ~$1200/oz in 2017 (becoming effectively $1130/oz in real money terms).

Figure 1. Gold Jewellery shops in Hong Kong on 14 November 2013 (Gold at ~US$1280/oz)
[null, {"document_url": "http://eagleres.com.au/paydirt/item/dec-2013-gold-and-money", "unformatted_src": "/images/fig1dec13.jpg", "src": "https://eagleres.com.au/images/fig1dec13.jpg", "formatted_filename": "fig dec", "alt_text": "fig1dec13"}, null, null]