In seven of the past 10 years, gold has seen double digit percentage growth between end July and December. Blanchard analysts see this happening again this year and are looking for new price records ahead.
by Lawrence Williams
LONDON (Mineweb) – Blanchard & Company, the New Orleans-based specialist retailer of American rare coins and precious metals has an Economic Research Unit which is reckoned to be a key source of precious metals market analysis and continues to be an important resource for financial and consumer media throughout the US, thus its findings – although perhaps a little precious metals biased – are always worthy of note.
In its latest analysis of the gold market, it notes that gold has largely been out of the headlines recently despite the fact that it has nearly doubled in price since its breakout four years ago and that as it enters its strongest season of traditional growth, the analysts suggest that factors are in place for gold to hit new record highs into 2013 and beyond.