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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Is there a silver lining to the gold price plunge?

Posted on 22 April 2013

It’s been a volatile week for gold prices, which tumbled by the most in 30 years. Although gold is still not obviously undervalued, we think the recent market moves make stock prices of gold miners look attractive when compared with prices of the precious metal.
On Monday, gold posted its largest one-day price drop since 1983. The decline actually began on Friday, April 12, as fears of central bank gold sales in Cyprus and Europe added to concerns that the Fed might withdraw US monetary stimulus sooner than expected. Central bank gold purchases and money printing underlie much of the doubling in price since the global financial crisis (GFC), so a threat to either is cause for concern………………………………………..Full Article: Source


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


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