The gold price is set in the Comex futures exchange by the trading of futures contracts and not the amount of gold traded in Dubai, India or anywhere else.
Therefore, if you want to read the future of gold prices, the Comex is the place to address your thoughts. Typically it is a rather bewildering place for amateur speculators who generally get their positions wrong, while professional commercial investors control the market.
But over the summer a clear pattern has emerged, and one that has almost always come before a very much higher price for gold and silver.
Goldplat plc (LON:GDP) is a profitable, African gold recovery services company with two market leading operations in South Africa and Ghana. Goldplat’s strategy is focussed on utilising its robust cash flow generated from flagship gold recovery operations in Africa to self-fund sustainable growth and expansion of niche gold recovery business model.