Deutsche Bank: Gold correction may be almost done
This is the official part of the note from the strategists at Deutchse Bank: “Lessons from history suggest that although gold-price losses have been extreme…..we would classify events over 30 years as significantly different since at the time, U.S. short term interest rates rose to 20% with real interest rates also rising rapidly; it is possible that the major part of the gold price correction has already occurred.”
I do not think that there is a coincidence that the German central bank is the central bank buying the most gold and silver at these depressed prices. This could be a catalyst for a strong higher bounce which will create a new floor in prices.
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