01.10.2014 - Can Precious Metals Have A Solid Last Quarter In 2014?
Spare a thought for gold and silver, the assets left behind in a summer of gung-ho action for several indices, currencies and shares. A bad 2013 has now been consolidated, with growth in the spring months reversed and gold headed perilously close to a new low for the year (hit on January 1st). For silver, the picture is even worse and at $1840 the metal is (at time of writing) at its lowest point for over four years. Overall, gold is down over 25% from the beginning of last year, and silver 40%; they have dropped 8% and 16% respectively since July 1. And this bad run of form has come during a summer filled with events that would traditionally have been a boon for safer investments...............................................Full Article: Source
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