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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Is the gold price going to fall to $1,500?

Posted on 25 November 2011

With the worsening Eurozone crisis and the failure of government to manage the U.S. debt responsibly, markets are fearful of a meltdown. Traders are driving prices down in the knowledge that many positions are geared [leveraged] and exposed to margin calls.
Other positions are protected by ‘stop loss’ instructions, so can be triggered by prices moving down through support levels. Potential buyers are in no hurry to enter the market, either because they feel there is further to fall or because the volumes dictating price moves are too thin to get the sort of positions they want. Overall, the investment climate is very wintery from the bottom of the financial structures right up to the markets themselves………………………………………Full Article: Source


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This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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