LANGUAGE
by Marino G. Pieterse, publisher and editor of Goldletter International

Geopolitical shock movements push gold above $ 1,300

Since a $ 1,211.05 low on 11 July, the gold price has continued to trade in a rage of $ 1,200 – 1,300, reaching a 2017 high above $ 1,300 on 29 August.

With the dollar having weakened in concert with the gold price increase, I already said many times earlier that on the longer term since the introduction of the Euro on 1 January 1999, there is no consistent correlation between the dollar and the Euro and the financial crisis of 2008-2009 being an illustrative example.

More recently, over the period from year-end 2013 to date, when the gold price increased by 8% to the current level of $ 1,300, the dollar also strengthened from $ 1.38 to a 14-year high of $ 1.04 on 15 December 2016 or 25% before weakening to the current level of around $ 1.20 against the Euro.

Having appreciated against the Euro since the end of 2016 from a 10-year low of $ 1.58 in March 2008 to an 8-year high of $ 1.04 on 15 December 2016, the recent weakness of the dollar in my view is overstated at today’s dollar/euro ratio of $ 1.20.

To read the full report, please, follow the link: http://www.metalcommodities-ip.com/wp-content/uploads/2015/10/GL_MarketOutlook_August2017.pdf

The report can also be accessed at my website: http://www.metalcommodities-ip.com/category/goldletter/ 

Kind regards, 

Marino G. Pieterse, publisher and editor

Goldletter International

marino.pieterse@metalcommodities-ip.com 

Goldletter International ● a publication by Metal Commodities Investment Platform, the Netherlands ● Marino G. Pieterse, Publisher and Editor ●   Information and investment comments are independently and thoroughly researched and believed correct. No guaranty of absolute accuracy can be given however. ● Investment decisions are fully made for own risk ● tel.: +31-251-828247 ● Chamber of Commerce 58330445 ● www.metalcommodities-ip.com  ● e-mail: marino.pieterse@metalcommodities-ip.com

Write a comment

Name:
Likes | 3
Dislikes | 0
COMPANY INFO
Name: Marino G. Pieterse
Canada Symbol:
Germany Symbol / WKN:
Shares Issued & Outstanding:
Phone: +31 251 828247
Email: marino.pieterse@metalcommodities-ip.com
Web: www.metalcommodities-ip.com
SUBSCRIBE

Anmeldung zum Newsletter:

e-mail:
Vorname:
Nachname:
Newsletter deutsch:
Newsletter englisch:
Sie erhalten nach der Anmeldung eine E-Mail mit einem Bestätigungslink. Erst nach Erfolgreicher Bestätigung sind Sie für den Newsletter angemeldet.

DICTIONARY

english/german - german/english