Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Deutsche Bank strategist says gold will keep crashing. (But then what about DB itself?)

Wednesday, October 5, 2016 14:54
% of readers think this story is Fact. Add your two cents. / By Narae Kim via Bloomberg News / October 5, 2016

It has been a good ride for gold holders this year, as bullion posted its best first half performance in almost four decades.

With global interest rates hovering at record lows, investors have piled into the precious metal. Meanwhile, political uncertainty from Britain’s vote to leave the European Union and the looming U.S. presidential election also fanned demand, sending prices to almost $1,400 per ounce over the summer.

But the shine is coming off amid the prospect of higher rates and reduced monetary stimulus. Bullion tumbled 3.3 percent on Tuesday, the most since July 2015, breaching below $1,300 an ounce for the first time since June.

But this could be a prelude to a bigger selloff, according to Deutsche Bank AG Chief Global Strategist Binky Chadha.

“The way we think about it is, gold looks to be 20 to 25 percent overvalued,” Chadha said in an interview with Bloomberg TV on Tuesday. “Positioning is very, very long.” …

… For the remainder of the report:…


The post Deutsche Bank strategist says gold will keep crashing. (But then what about DB itself?) appeared first on Silver For The People.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.