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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

The real reason precious metals will keep climbing

Posted on 26 February 2014

The financial news media, seeing gold rally to its highest level in months, explains the surge as safe-haven demand in a slowing global economic recovery. As my British friends say, “Bolllocks.” I’m always amazed how uninformed financial reporters can be about the markets they cover. Many even seem to miss the news in their own publications!
The reason gold moved above the key $1,300 resistance level is the quickly fading U.S. dollar rally. Emerging-market fears drove the greenback higher for a few weeks, and now that fear is subsiding………………………………………..Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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