16.04.2013 - ‘Commodities meltdown to continue’: Pro
The price of gold, as well as other commodities, could have farther to fall, Joe Terranova of Virtus Investment Partners said. "The commodities meltdown, I think, is going to continue," he said. "And I think to figure out exactly if this is a moment where you step in and in essence buy a falling knife, you have to look back toward the past." On CNBC's "Fast Money," Terranova pointed to a high in gold back in September 2011. "That's exactly when we had that deficit debacle in Washington, D.C.," he said. "Gold should've gone higher at that point. It did not."..............................................Full Article: Source
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