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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Robin Hood in reverse – gold being taken down to make the rich richer

Posted on 22 May 2013

The past week or three have been, to say the least, disappointing for precious metals investors. Gold and silver have continued to step downwards towards new interim lows as money continues to move from bullion (or at least from paper variations of it) to the general stock markets which have been continuing to perform well.
All this despite, so we hear, continuing high demand for physical gold and silver from Asian markets in particular. But this physical metal demand growth seems to be being more than countered by some strange precious metals sales patterns – the latest of which saw silver plunge 10% in 4 minutes on a big computer sell order – from a single client according to a major Japanese bank – at a light trading time……………………………..Full Article: Source


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


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