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Bullish outlook for silver and gold in 2012

Posted on 12 December 2011

A bullish outlook for gold next year, but nevertheless anticipates further strength in the U.S. dollar going into the New Year may be the next test for the yellow metal. Unlike previous periods of risk aversion that occurred in 2009 and 2010, this time U.S. dollar strength is not being accompanied by strong inflows into physically backed gold ETFs, said Deutsche Bank in its final weekly commodities report of 2011.
According to bank, liquidation in Comex Gold over the past couple of months appears to be drawing to a close, although currency trends could trigger yet another round of speculative liquidation. Overall, gold has outperformed other precious metals in recent months………………………………………..Full Article: Source


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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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