08.07.2013 - Short term still very bearish for precious metals
A stronger U.S. dollar and surging long-term bond yields pressured gold and silver prices again last week as early gains quickly turned into losses after Friday's better-than-expected labor report. An improving U.S. jobs market makes it more likely the Federal Reserve will begin to "taper" its massive $85 billion per month bond buying program in the months ahead and this was a decidedly negative development for precious metals...............................................Full Article: Source
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