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Why precious metals are taking a pasting

Posted on 21 May 2013

Gold is two tales in one metal. Most immediately, gold (like silver) is the story of renewed dollar strength as investors come to appreciate that the Federal Reserve’s lower-for-longer interest rate policy really does have a sell-by date.
But secondly, precious metals also represent the broader story of how just as market euphoria develops its own logic, separate from what’s happening in the real world, the downside can develop its own relentless momentum as well………………………………..Full Article: Source


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VRS - who has written 40596 posts on Opalesque Commodities Briefing.


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