Gold has peaked for the year
By GCRU Gold News on Monday, June 27 2016, 10:09 - Permalink
Gold has probably peaked for the year. Not necessarily in US$ terms, but in terms of other commodities.
An implication is that if the US$ gold price made a major bottom last December then the general commodity indices aren’t going to get any cheaper in US$ terms or gold terms than they were in January-February of this year.
Around cyclical lows, gold leads and the rest of the commodity world follows.