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home / news releases / GLDI - Gold: Third Time's The Charm


GLDI - Gold: Third Time's The Charm

Summary

  • Gold is on its third attempt at a major breakout.
  • It's been clear over the last ~9 months that enemy #1 for GLD/gold has been the USD.
  • What determines gold's value is monetary inflation, and gold is still ~15% below fair value today and will likely greatly exceed fair value.
  • Gold performs best during periods of high inflation and negative real yields.
  • Other bullish fundamentals supporting gold are the snowball effect because of rising interest rates, a peak in worldwide gold production, and consumer and central bank demand.

For further details see:

Gold: Third Time's The Charm
Stock Information

Company Name: Credit Suisse X-Links Gold Shares Covered Call ETN
Stock Symbol: GLDI
Market: NASDAQ

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