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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Bullion may have raced ahead, but there’s still gas in the tank

Posted on 15 December 2009

From Theglobeandmail.com: It’s easy to say gold is a bubble. It’s up more than 26 cent in the past six months, so it has to be right? Maybe, but I doubt it, for both obvious and less-obvious reasons. Gold isn’t as attractive as it was when no one wanted to own it a few years ago.
Back then it was a no-brainer, trading for less than the marginal production cost. Today, there’s hot money in bullion, making it susceptible to sharp corrections. But the rally has legs nonetheless……………………………….Full Article: Source

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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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