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Why Gold Prices Are Headed Up Now

by Avery B. Goodman
AveryBGoodman.com

As momentum in the gold market turns bullish, many people wonder what has suddenly happened to change things? The simple answer is nothing. The price of gold is simply being set by politics, as has been the case since at least April 12, 2013.

Once you crunched the numbers, it was easy to see that the old prices couldn’t last. In my article, “Did COMEX Just Receive A Physical Gold Bailout From The Feds?”, published in June 2015, I did just that. Gold prices were down to about $1,175 per troy ounce, and I took the trouble to calculate the physical cost of the politics of gold. Comparing new mining supplies + scrap vs. the then-existing demand level, I concluded that some not-so-mysterious gold supplier of last resort had to inject at least 1,345 tons in order to balance supply with demand in 2015.

Continue Reading at AveryBGoodman.com…

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