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Time to Admit that Gold Peaked in 2011?
According to some analysts, on an inflation-adjusted basis, gold has already matched its 1980s peak—but is that really true?
by Louis James, Chief Metals & Mining Investment Strategist
Casey Research
Dear Reader,
There’s scarcely a question more on the minds of metals investors—especially those long gold—than whether the peak of 2011 was an interim peak or the top of the market for this cycle.
Our position in the “interim peak” camp is well known. However, with signs that unprecedented government efforts to reflate the global economy may be working, even the most staunch gold bugs are again asking themselves this question.
Into this mix comes a chart that purports to show that in inflation-adjusted terms, gold has indeed peaked. But has it really?
Continue Reading at CaseyResearch.com…
Source: http://financialsurvivalnetwork.com/2014/05/time-to-admit-that-gold-peaked-in-2011/?utm_source=rss&utm_medium=rss&utm_campaign=time-to-admit-that-gold-peaked-in-2011
