Don’t look now but the price of gold is approaching $1,150 per ounce, just weeks after analysts were predicting imminent collapse, a research note from Capital Economics observes. In fact, they say the headwinds for gold could be behind us – pointing to tighter labor markets and even, dare it be said, inflation. Headwinds for gold are behind us, as $1,200 per ounce gold by year end is reasonable The headwinds for gold will not last and other metals, such as the “industrial indicator” copper should rise as oil prices pick up and labor slack further tightens. “Headline inflation should…
Capital Econ: Gold Headed Higher As Inflation Moves Up
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.