The big picture of the gold market is easy to understand, but it's more complex than it looks
If you step back and look at the gold market, it really isn't too complicated. Dig up some yellow metal and sell it. How much you make depends on your mining costs and the current price of gold in the spot market or the price you've locked in with hedges. But nothing is ever that simple, which is why gold market investors should take a deeper dive to make sure they understand the nuances of a market that's far more complex than it at first seems.
No more picks and shovels
The iconic images of gold mining are an old, bearded man with a pick ax guardedly protecting his claim, or, perhaps, a man bent over a river with a gold pan. Those pictures may have been true way back in the California gold rush days, but they certainly aren't true today. Gold mining is big business, with heavy machines doing most of the work. And that's one important thing you need to understand about gold, it's actually pretty hard to get at.
First things first:
Is gold rolling over - one more leg down?
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