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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

What western supply and Asian demand mean for gold prices

Posted on 10 September 2013

This year, gold bottomed out in a final downward thrust at the end of June and then started building back up. At the same time, a lot of anecdotal evidence began to reveal an extremely tight supply situation in the global gold market. Taking all of that together, I was fairly confident in calling a bottom for gold.
Then, the equities started to respond. However, the situation in Syria prompted some safe-haven demand in the last few days and the mining equities stepped back; with safe-haven demand, investors want the metal, not the paper. But that was just a brief blip. I see an open road ahead for gold metal and gold equities………………………………………..Full Article: Source


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


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