Podcasts

Mike Hampton: gold price at a long-term low

Episode 96: GoldMoney’s Dominic Frisby interviews Hong Kong-based private investor Michael Hampton. They discuss Michael’s chart analysis of the gold price, the race between stocks and gold, and opportunities in gold mining shares.

Looking at technical analysis, Hampton makes the case that the gold price is currently marking a low in its long-term bull run. While there is a chance that the trend channel could be broken to the downside, the odds favour a continuation of the upward trend. If the gold price were to move back to the top range of the trend channel we could see $2,200 to $2,500 per ounce of gold.

He notes that stocks have managed to narrow the gap to gold on the “Bernanke race track” over recent months, but he doesn’t see gold falling below stocks.

They talk about the continuation of the currency wars – a zero sum game which will only benefit gold. They also discuss opportunities in gold mining shares.

Michael's gold price charts can be viewed at this link.

This podcast was recorded on 6 February 2013.