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Gold: Is the bull market really over?

Posted on 14 January 2013

The recent price movement of gold has been frustrating for some people. The yellow precious metal logged its twelfth consecutive annual gain in dollar terms and climbed higher against every major fiat currency in 2012. However, gold has been stuck in consolidation mode and finished the year with its worst quarter in four years. Furthermore, some market participants are claiming the bull market is over.
Gold finished last year about 7.0 percent higher at $1,675 an ounce. It capped the longest streak of annual gains since at least 1920, but gold entered the new year with a less impressive record………………………………………..Full Article: Source


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


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