As the year 2014 ends and 2015 begins, gold is postured quite bullishly, from both a fundamental and technical standpoint.
China officially imported almost 100 tons of gold in November, and Hong Kong imported about 50 tons.
India also officially imported about 150 tons in November. Clearly, Chindian demand is once again robust, and growing!
The “shock and awe” growth of the Indian and Chinese economies is relentless. That means the growing dominance of the love trade on the global gold price discovery stage, is probably best described as a “clock that can’t be turned back”.
Gold mining companies are entering 2015 with robust demand from China and India, and with a very stable outlook for fuel costs.
This situation should entice substantial numbers of value-oriented fund managers into the sector, throughout the year!