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

Why gold is nearing its bottom

Posted on 02 July 2013

Given how significant mining strikes in South Africa were for decreasing platinum prices, the same effect may soon be in store for gold. The hits just keep coming for gold. As markets finally calmed after Bernanke’s announcement of imminent tapering from the Fed, gold continues to get slaughtered.
With many predicting the metal to eventually lose its grip on the quadruple digit levels, investors are trying to properly time the bottom. The problem is, a number of gold’s movements have seemed to defy all logic with harsh sell-offs coming off of little fundamental news or changes; emotional trading has taken hold………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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