27.08.2013 - Asian demand should stabilize precious metals
Since the beginning of July, we have seen a steady push higher in gold prices and one of the central market questions at this stage is whether or not these moves mark a short term correction in the latest downtrend or a true reversal that can be supported with fundamental arguments. At the very least, we can say that there is a number of opposing factors that should be taken into consideration, and that the backdrop is not entirely negative. But valuations in the SPDR S&P 500 Trust ETF (SPY) are still lower by nearly 16% even with these latest rallies, so the broader picture shows that there is still a lot of ground to make up before we can say that the bear run seen in the early parts of the year has been overcome...............................................Full Article: Source
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