OT. CNN: Colombia extends ceasefire with FARC rebels - Ceasefire was due to expire end of October - now extended to end of year.
Good news (with the exception of the no vote) keeps coming re. peace in Colombia - FARC agreement, Nobel Peace Prize for Santos, peace negationations with ELN, Colombians hitting the street to support peace with FARC, extension of the ceasefire with FARC.
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That ought to get investors' eyes on GCM. But it hasn't done much for the SP yet. Gold $100 off highs probably holding it back. Q3 results are due out in 1 month - Nov 15. Should be good numbers. Maybe that will be the catalyst to a higher SP. -GLTA
The next gold bull market is under way, and any weakness is viewed as a buying opportunity -
ex. Credit Suisse and BofA Merrill Lynch have it even higher at $1,500 going into 2017. Dutch bank ABN Amro, another erstwhile ultra-bearish house, revised its forecast to $1,425, adding that a Trump presidency could really see things explode.