Sat, Aug 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Precious-metals upswing is a chance to get out: Wells Fargo

Posted on 23 January 2014

There’s an upswing of interest — and price gains — in gold and precious-metals miners lately. To Wells Fargo Advisors, it’s a good opportunity to get out. Here’s what Wells’ Sameer Samana says on the subject in a note released Wednesday:
In our opinion, precious metals are now in a downtrend and the path of lease resistance is lower. Bounces in downtrends tend to be small in size and quick in duration. Thus, we believe the recent reprieve in gold and precious metals prices should be taken advantage of to eliminate exposure. Investors concerned about higher inflation and weakness in the dollar should consider this an opportunity to rotate towards a more broadly diversified basket of commodities………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31