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

Gold price $2000 “Inside a year”

Posted on 25 September 2013

During the recent downturn in the gold price, there was significant buying from places like Asia. The Chinese and its counterparts continue to buy gold and silver when the price comes off, as we saw this past spring, and also as stocks rise.
Fundamentally, everything looks very good for gold. The pullback in the gold price, from the high of $1921 per ounce to $1180, is reminiscent of 1974 to 1976. During that time, there was a big pullback of almost 50% in the gold market followed by a rise from $100 per ounce in 1976 to $850 in 1980………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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