“Markets are uncertain what to expect,” said Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic consultant to Rosland Capital. “I think seasonals will have an effect and be supportive. Whether that’s enough to really matter remains to be seen.”
The article also talks about the gold climate in India, a subject he recently covered in a recent article.
“I thought they would be eased significantly and lead to a pickup in Indian demand,” Nichols said. “I think ultimately that is going to happen. Whether it happens in a time frame of 2014 still remains to be seen. It could come, but nobody knows when other than a handful of government officials who are discussing this.
“It may be that smuggling picks up more than legal imports and that we never really get a full and reliable picture of what is going on.”
This year’s Indian monsoon season is another factor creating some uncertainty about Indian demand. Rainfalls have been lower than normal, according to news reports. That means potential for smaller farm incomes that could take away some gold buying from the country’s rural denizens."
“From what I have read, the monsoons this year have been a little bit discouraging,” Nicohls said. “That too leads to the idea that it’s going to be fairly uncertain on how much we do see for a seasonal pickup in India. If we had seen a strong monsoon season and expectations of a robust agricultural income period, maybe it would have been a little more definitive in terms of looking for an uptick in Indian demand.”
Rosland Capital was founded in 2008 by Marin Aleksov. The Santa Monica based company is a leading seller of precious metals including gold and silver.
More About Rosland Capital
Rosland Capital LLC is a foremost precious steel asset corporation dependent inside Santa Monica, California that purchases, sells, and trades all the well known styles of gold, silver, platinum, palladium and other precious metals. Founded in 2008 by Marin Aleksov, Rosland Capital strives to teach the public on the gains of expending within gold bullion, numismatic gold cash, silver, platinum, palladium, and other beneficial metals. For added material please stop by http://www.roslandcapital.com.
Above Jeffrey Nichols
Jeffrey Nichols, Managing Director of American Precious Metals Advisors and Senior Fiscal Advisor to Rosland Capital, contains been a main important metals economist for around Twenty five a long time. His clients consist of incorporated central banks, mining expert services, nationwide mints, financial commitment finances, buying and selling companies, jewellery suppliers and others with an interest within valuable metals markets.
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