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

Gold Prices Coming to the End of Bear Phase

Posted on 08 May 2014

It’s been almost 30 months since the gold bull hit the dizzy heights of $1900/oz back in August 2011, sending many of us into raptures. However, it has been a very different story since then with gold slipping to a low of $1180/oz in June 2013 before bouncing higher to almost touch the $1400/oz level.
Fast forward to today and we have gold trading at around $1310/oz level, having tested the June bottom around Christmas time 2013. Many believe that the bottom is now in and the bull has resumed charge, with the bears being exhausted. We would like to agree with them but we are still of the opinion that a challenge to the June lows could still lie ahead of us………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 36064 posts on Opalesque Commodities Briefing.


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