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Alasdair Macleod: An inflection point beckons
5:31p ET Friday, October 9, 2020
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod writes tonight that with delivery demands increasing for gold futures contracts on the New York Commodities Exchange, an "inflection point" is approaching for the price of the monetary metal.
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"Demand for physical is being driven by a rapidly deteriorating global economic outlook, as a second coronavirus wave forces a new round of business closures and lockdowns," Macleod writes. "Gone is all the hype about a V-shaped recovery, only to be replaced by plans to throw yet more inflated money at an escalating problem."
Macleod's analysis is headlined "An Inflection Point Beckons" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/market-updates/an-inflection-point-be...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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