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

The gold market of 2011-2013: How to survive the gold bug misery years

Posted on 13 August 2013

You might as well call 2011 to 2013 the misery years for gold investors. Between September 2011’s gold price high of over $1,900/ounce, to today’s spot gold price of $1,310/ounce, the yellow metal has fallen over 30%. Not only has the price fallen, but the last two years have seen the market lose its clear bullish trend in a sequence of range-trading and chops down. This has been quite a different time to buy gold than the preceding years.
Even though the gold investment market had got too hot and speculative in the run up to the summer of 2011, with 40% price rises in a few months, the experience since then has been extremely challenging for gold bugs………………………………………..Full Article: Source


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VRS - who has written 36221 posts on Opalesque Commodities Briefing.


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