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Is the gold rally over?

Posted on 07 November 2013

There remains a strong case to own gold based on fundamentals. Central banks continue to flood markets with liquidity and uncertainty continues to prevail worldwide. Yet the technicals tell a different story, one that suggests the yellow metal’s best days are probably over in terms of prices.
Geopolitical uncertainty remains acute across the world. The rise of China, the decline of the West, the Eurozone crisis and turmoil in the Middle East are a fertile backdrop for the gold bugs. Now add in a big dose of central bank profligacy and there is a recipe for an epic run up in gold prices………………………………………..Full Article: Source


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VRS - who has written 38584 posts on Opalesque Commodities Briefing.


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