Last Week's Gold Breakout Wasn't "Real" - Bloomberg Intelligence

Last week’s rally in gold was only temporary, and more headwinds lie ahead for the yellow metal, according to Andrew Cosgrove, global head of metals & mining research at Bloomberg Intelligence.
“I don’t think this is the real breakout. I don’t think this is 'the' [equity] selloff. I do think the dollar has more upside. Because of those two main reasons, I don’t think this is the real breakout, but I do think it’s definitely carving out a good base,” Cosgrove told Kitco News on the sidelines of the Mines & Money Conference in Toronto. (show less)

Last week’s rally in gold was only temporary, and more headwinds lie ahead for the yellow metal, according to Andrew Cosgrove, global head of metals & mining research at Bloomberg Intelligence.
“I don’t think this is the real breakout. I don’t think this is 'the' [equity] selloff. I do think the dollar has more upside. Because of those two main reasons, I don’t think this is the real breakout, but I do think it’s definitely carving out a good base,” ... (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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