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

Why gold prices won’t rise in 2014

Posted on 10 December 2013

The price of gold is on track for its largest annual fall in 30 years after declining 27% in the last 12 months. The drop has resulted in a bludgeoning in the share price of Australia’s listed gold miners.
Newcrest Mining , which was worth $24 per share at the start of this year is now able to be picked up for just $7.20 — down 70%. Silver Lake Resources has lost almost 90% of its value to sit at $0.39. Investors have been truly hung out to dry. But is there more pain to come, or will prices bounce back and ?revert to mean??……………………………………….Full Article: Source


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VRS - who has written 39513 posts on Opalesque Commodities Briefing.


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