Tue, Sep 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gartman: ‘Gold is a broken commodity’

Posted on 17 June 2013

The high in gold is almost 2 years behind us. We’ve failed to make a new high and broken many trend lines support. Gold is a broken commodity and is likely to head lower. Gold is likely to head lower even with all the news of the Fed expanding reserves to the system.
The trend seems to be downward, and if $1,200 is broken, the next level of support is $1,000. Because gold is simply valued upon what someone else is willing to pay for it, the simplest methods of valuation are often the best. Gold doesn’t generate a cash flow, there is simply a supply and demand, and where the two meet is the price……………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37037 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930