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Are gold bugs sweating bullets over February?

Posted on 01 March 2013

It was not exactly a lovely February for gold bugs. Between talks of a great rotation into risk-on assets, and confusing language from the Federal Reserve, the precious metal experienced heavy-selling pressure to reach new multi-month lows. However, gold investors may not be sweating the decline like some expect.
In late February, the price of gold dropped below $1,600 an ounce to its lowest level since July, and even trigged the headline-grabbing death cross status, a bearish technical term for when the 50-day moving average crosses below the 200-day moving average………………………………………..Full Article: Source


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VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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