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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Did you miss the boat on gold?

Posted on 03 October 2011

Last week, gold saw a three-day drop and even slipped below $1,600 an ounce - a pretty long fall from its record $1,921.15 on Sept. 6. Does that mean the gold rush is over? Not necessarily, some analysts say.
“When the market gets very panicky, they sell everything off, and they go for cash and Treasuries because that’s really the largest market where you can park your money,” Gijsbert Groenewegen, a partner at Silver Arrow Capital Management, told Bloomberg News. “It’s a great opportunity to accumulate more gold and silver.”………………………………………Full Article: Source


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