OUR EVENTS
No safe haven, no inflation. How low can Gold go?
Thursday 11th July '13
Viktor Nossek, Head of Research at Boost ETP, will be hosting the conference call on Thursday, 11 July at 15:00 - 15:45 (GMT).
The call will cover some of the following points:
The call will cover some of the following points:
- Amid gold crashing by 25% YTD and by 34% from its peak less than two years ago, leveraged Short Gold ETFs are seeing strong investor interest. In turn, leveraged long positions are seeing redemptions of the same magnitude
- Outflows from gold ETFs are indiscriminate and have gained momentum since Q1 2013, even while EM consumers continue to buy gold bullion on the ‘cheap’
- Together with record redemptions from ETFs, Gold may lose support from central banks as unwinding of QE destroys the case for inflation protection and the correlation between equity and bonds markets is breaking
- Examples of Short and Leveraged trading strategies may help investors weather the macro trends underpinning gold