Canada Goose Jackets Pieces falling into place for gold bear market in 2014 Canada Goose Jackets
buy canada goose jacket Central bank buying tempered buy canada goose jacket
By Clara Denina
LONDON, April 4 (Reuters) Gold canada goose factory sale is gearing up for the start of a bear market cycle in 2014 after more than a decade of gains as consumer demand for jewellery, coins canada goose uk outlet and bars declines and central bank buying cheap canada goose uk plateaus, metals consultancy GFMS said. debt canada goose coats ceiling, sparked bouts of investment buying.
canada goose store But with economic stability expected after major turmoil in recent years, a longer term decline is almost certainly on the cards, GFMS head of precious metals research, Neil Meader, said on Thursday. canada goose store
canadian goose jacket arguably a clearer light Canada Goose sale at the end of the tunnel, he said in reference to global economic conditions. could entail the start of a (gold) bear cycle in 2014. canadian goose jacket
canada goose clearance sale Spot gold was trading at $1,547.50 an ounce by 1153 canada goose uk black friday GMT, having earlier hit a lowest since May 2012. canada goose clearance sale
buy canada goose jacket cheap Meader said the market was unlikely to see a fresh rush of new investors. buy canada goose jacket cheap
canada goose clearance four years of perfect conditions, the involvement coming through institutions like pension funds is really quite limited, he said. they haven come through now, it difficult to see why canada goose uk shop they would, so the whole weight of money argument seems a bit saturated. debt ceiling debate will reach a timely resolution and persistent canada goose clearance concerns over euro zone debt are among the factors that might support prices, he said. canada goose clearance
Canada Goose sale GFMS predicts gold will trade between $1,540 and $1,850 an ounce in 2013, with an average price of $1,735. This forecast would mean another rise Canada Goose Outlet in the annual average price from $1,668.98 in 2012 but it does not see a test of the previously forecast peak of $2,000. Canada Goose sale
canada goose coats will Canada Goose Coats On Sale have to see a fresh canada goose black friday sale macro economic event that is not on Canada Goose online the horizon for that $2,000 canadian goose jacket mark to materialize at this point, Meader said. canada goose coats
The gap between the amount of gold mined and recycled and the quantity used to https://www.canadagooseoutletmall.com fabricate jewellery and other goods is expected to widen, Meader said.
expect ongoing Canada Goose Parka modest growth in mine production and should also see an increase in scrap, while demand excluding investment is likely to fall.
Canada Goose Parka CENTRAL BANK BUYING TO PLATEAU Central bank purchases, which last year hit their highest since Canada Goose Jackets the mid 1960s at 532 tonnes, may edge lower this year, GFMS said, forecasting buying of around 100 tonnes per quarter. Canada Goose Parka
canada goose coats on sale official sector buying is likely to stay high, but it uk canada goose outlet may struggle to match last year volumes, Meader said. canada goose coats on sale
canada goose Central banks have turned from net buy canada goose jacket cheap sellers to net buyers in recent years in a bid to diversify reserves, with signatories to the Central Bank Gold Agreement (CBGA) selling only 5 tonnes of their annual allowed quota of 400 tonnes in 2012. The current five year agreement will end in September 2014. canada goose
Canada Goose Outlet Meader said a return to net selling cannot be ruled out over the course of the following five years, meaning a new agreement canada goose coats on sale is likely. Canada Goose Outlet
might find a situation in a couple canada goose chilliwack bomber sale of years, when the euro zone crisis has passed, that some of the banks will want to resume selling programmes. A couple of them are certainly still overweight gold, he canada goose clearance sale said.
sales will remain trivial in 2013, but we expect a renewal to the agreement in some form to give an area of certainty to the market.
cheap Canada Goose Jewellery buying uk canada goose is also expected to fall in 2013. Gold jewellery fabrication fell 4.2 percent in 2012 to 1,893 tonnes and is expected to post a similar percentage drop this year. Off take from major consumer India fell 3.3 percent to 736 tonnes. cheap Canada Goose
ahead, Indian canada goose jewellery fabrication is currently projected to drop by another 10 percent in the first half of this year, which would take volumes to a four year low, GFMS said.
Canada Goose online so, India is likely to remain the number Canada Goose Online one consumer above China for the whole year, although there may be quarters when demand in India is smaller. Canada Goose online
canada goose black friday sale BAR HOARDING COOLS Physical bar hoarding the largest gold investment element by far fell 17 percent to 998 tonnes from a record 1,198 tonnes in 2011, with Europe and India buy canada goose jacket reporting particularly substantial falls. canada goose black friday sale
would not be surprised to see a further decline in Western countries, where there are fewer investors likely to add more, as those traditionally involved in the market have largely satisfied their needs, Meader said, adding that growth would have to come from countries such as India and China.
The pace of growth in retail investment in China is slowing, however, he said. growth in retail investment demand has slowed remarkably there.
Exchange traded funds (ETFs) increased their holdings by 12 percent or 279 tonnes to a record high of 2,691 tonnes last year. cheap Canada Goose This year, holdings have declined nearly 150 tonnes in the first three months on fears that the Federal Reserve canada goose store would end its bond buying programme.
canada goose deals would expect ETF holdings to stabilise, as what we have seen in the first quarter was more to do with the hedge funds thinking that we were getting closer to a sort of normality as regards to the economic backdrop, Meader said. (Reporting By Clara Denina; Editing By Veronica Brown and Jane Baird) canada goose deals.
Recent Comments