Sat, Aug 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold prices driven “insanely lower” – Nichols

Posted on 15 April 2013

U.S. specialist precious metals analyst, Jeff Nichols, made the comment that the gold price was driven ‘insanely lower’ that day. In his view the sales were not of physical metal but by technical and computer-driven me3 trading mainly in futures, forward, and options markets, rather than by any change in fundamentals or in the states of the U.S. and global economies.
He commented further that the data on U.S. retail sales and consumer prices released that day should, under normal circumstances have been bullish for gold with inflation indicators subdued and showing a weaker than expected U.S. economy………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31