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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Gold outlook: Should you follow the money managers or bullion banks?

Posted on 11 March 2013

Some stability returned to precious metals this week, with gold rising $14 from $1,564 at last Friday’s low to Friday morning, London time, and silver rising $0.65 from $28. Predictably, on the back of recent falls in precious metal prices, technical analysts, who are basically trend-followers, have turned bearish.
An examination of market action tells a different story. Recent price weakness has allowed the bullion banks to reduce their short positions significantly. So here is a rhetorical question: Do you back the bullion banks’ judgement in closing their bears, or that of the trend-followers?……………………………………….Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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