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

Short gold as the economy gets better, $1,400 price target likely

Posted on 02 April 2013

Gold has not been able to enjoy a rally that equity markets have saw. Year to date, gold is down 4.5%, while the S&P is up 10%. The reason why gold is down may speak for itself. It’s often believed that a strong equity market will translate to a lack of demand for gold.
Gold is a hedge when the market is falling, so it’s pretty clear investors have little reason to invest in gold when equity prices are rallying………………………………………..Full Article: Source


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


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