Ronald-Peter Stoeferle Posted by John on July 20, 2013

Ronald Stoeferle:

The Fundamental Argument in Favor of Gold Remains Intact

The current correction in gold is similar to 1974-1976 Compliments of Jim Papluva and FinancialSense.com on July 19, 2013

Jim is pleased to welcome back Ronald Stoeferle CMT, Managing Director at Incrementum AG in Liechtenstein. He continues to write the annual “In GOLD we TRUST 2013 ” as a senior advisor to Erste Group in Austria. Ronald believes we have seen the low’s in the gold price, but it’s going to take some time to repair the technical damage. As such, he believes there is limited downside risk, but the bottoming process will take time. Ronald sees similarities between this correction and the period of 1974-1976. He notes that disinflation is normally a poor environment for gold. Despite the damage to the gold price, Ronald believes the fundamental argument in favor of gold remains intact.