There’s a famous saying among natural resource traders that goes, “Rising prices cure rising prices,” and explains the cyclical nature of commodities. In other words, a bull market in any given commodity normally encourages an increase in the supply of that asset, in turn leading to lower prices. That has often been true for gold, as well, since gold bull market cycles typically lead to higher production among the leading mining companies.
This time around is proving to be an outlier, however. Gold’s latest price cycle is decidedly more benign in that it has inspired