31.05.2012 - Gold may be ending its 11- year uptrend in 2012
Gold prices continue to remain depressed on Eurozone crisis, falling demand in Indian markets due to weak Rupee and increase in import duty on the yellow metal. After a 11 year bull run is gold preparing for a major set back in 2012? The following facts suggests so: -Data from the U.S. Commodity Futures Trading Commission showed that in the week ended May 22, speculators cut net bullish bets on U.S. gold to the lowest level since December 2008 as the rise in short positions outpaced the uptick in longs...............................................Full Article: Source
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