15.10.2012 - Are precious metals capped until after US Election?
Gold remains robust in euro terms at 1,364.50/oz. and remains less than only 1% away from new record highs in the single currency. India and China are embarking on their peak consumption season which may create a boost to the physical market. US election years tend to see gold underperform vis--vis other years and this was seen in 2004 (+4.7%) and 2008 (+5%) when gold saw only marginal gains compared to the 17% annualized dollar returns seen in that decade...............................................Full Article: Source
Print