2015 Surprises
By GCRU Gold News on Tuesday, January 13 2015, 02:16 - Permalink
Gold defies the numerous calls for a decline to US$1000 or lower. It does no worse than test its 2014 low during the first half of the year and commences a major upward trend by the middle of the year. As is always the case, gold’s bullish trend is driven by declining confidence in central banking and rising concern about ‘tail risk’. A related surprise is that the gold-mining indices outperform gold bullion.