Oct 15, 2018 Guest(s): Alain Corbani Head of Commodities, Finance SA
Alain Corbani, head of commodities at Finance SA, said that these two clues may hint at the next peak on gold.
"At $1,200, gold mines are breaking even, so $1,200 is the bottom. That's the first answer I can give you. The second one is that usually the cycle peaks when the net margins of the industry exceed 25%," Corbani told Kitco News on the sidelines of the Mines and Money conference in Toronto.
Additionally, Corbani said that real interest rates will remain low and the U.S. dollar will weaken, and these two indicators have the highest negative correlations with gold.