"I Hate This Question On Gold," Says Alain Corbani

Alain Corbani, head of commodities at Finance SA, said that these two clues may hint at the next peak on gold.
“At $1,200, gold mines are breaking even, so $1,200 is the bottom. That’s the first answer I can give you. The second one is that usually the cycle peaks when the net margins of the industry exceed 25%,” Corbani told Kitco News on the sidelines of the Mines and Money conference in Toronto.
Additionally, Corbani said that real interest rates will remain low and the U.S. dollar will weaken, and these two indicators have the highest negative correlations with gold. (show less)

Alain Corbani, head of commodities at Finance SA, said that these two clues may hint at the next peak on gold.
“At $1,200, gold mines are breaking even, so $1,200 is the bottom. That’s the first answer I can give you. The second one is that usually the cycle peaks when the net margins of the industry exceed 25%,” Corbani told Kitco News on the sidelines of the Mines and Money conference in Toronto.
Additionally, Corbani said that real interest rates will ... (read more)

Mines And Money Toronto

Mines And Money Toronto
Mines and Money – the leading international event series for capital raising and mining investment – returns to Toronto this October, bringing together all stakeholders within the mining investment community. This is your perfect opportunity to meet pre-qualified investors and mining projects from across the USA, Canada and LatAm regions. With 3 days of region specific industry talks, dedicated networking events, investor pitch battles, heated panel debates and much much more, this is sure to be the one meeting you do not want to miss!

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