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

Silver forecast is $90 in 2013?

Posted on 07 January 2013

The minutes of the Federal Open Market Committee’s December meeting “sucked all of the oxygen out of the room for gold bulls - and if not for the reversal in silver, I believe the sell-off in gold would be more pronounced,” said Steve Roy, Chief Technical Analyst for Equity Management Academy.
Gold’s weakness was set off by Thursday’s release of the minutes from the Fed’s last meeting, which showed that several Fed officials thought the central bank would be able to slow or stop its bond purchases - a method of increasing monetary stimulus that goes beyond low interest rates - well before December 2013………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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