Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« UPDATE 3-Osisko strikes deal with Yamana to stymie Goldcorp bid | Main | Don’t Keep Your Gold and Silver in the US, Says Marc Faber »

DEUTSCHE BANK - Gold Price Slipping "as Physical Tightness Fading", Says Deutsche

Physical gold price in Shanghai at discount to London, GOFO rising...
GOLD PRICE gains of 7% in the first quarter are likely to be reversed, reckons a note from Deutsche Bank's commodities team, because physical "tightness" in the market is receding.
"We view it as only a matter of time before gold re-tests the [US Dollar] lows hit in December last year," says the commercial and bullion bank, a market-maker for wholesale gold and silver in London.
Pointing to gold's 3-year low of $1180 per ounce – hit both last June and New Year's Eve – prices have since "been supported" by revived Western investor interest, continued central-bank demand from emerging economies, and rising private demand in China, Deutsche says.
"However, with Shanghai physical premiums staying low and GOFO [forward] rates turning positive, support from physical tightness has begun to fade," the note concludes.

To read this post in full please click here.



The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>