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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Time to buy precious metals

Posted on 16 April 2013

One of the criticisms against gold is that it is apparently a cyclical asset. Which asset is not? It is time to see through the current sell-off in gold. Two weeks ago, Bare Talk wrote that investor behaviour is pro-cyclical. It amplifies both booms and busts by buying into rising prices and selling into falling prices. It went without saying that investment recommendations are pro-cyclical too.
Nonetheless, it is good to find vindication before readers forget what they read. The price of gold is down 24% in dollar terms from the peak price of $1,900 per ounce. It is both unsurprising and wrong that epitaphs are being written on gold now………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36545 posts on Opalesque Commodities Briefing.


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