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Consolidation over? Is gold at the turning point?

Posted on 01 February 2013

Maybe I’m reading too much into the latest utterances on likely gold price performance this year and going forward but I do get the feeling in my bones that the yellow metal’s flat performance of the past 15 months or so may be coming to an end – not in a collapse, but in an upwards surge. There do seem to be some fundamental moves which could suggest a bit of a sea change in sentiment towards precious metals, and gold in particular.
The first of these is the German decision to repatriate half its gold, from vaults in the U.S. and France, over the next seven year. Now while the Bundesbank seems to deem this a satisfactory programme, the German in the street must be asking why can this not be achieved this year, or this month even………………………………………..Full Article: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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