| Let’s cut to the chase: we do not think the drop in gold earlier this week marks the end of this bull market. Why did gold drop? First, I think it’s fair to say that, technically, gold was looking increasingly vulnerable over the past several weeks.
Many new-time buyers were getting nervous. Against that background, it did not take much for gold to fall. The “collapse” in the gold price has been attributed to hawkish comments from Fed officials. This contributed to the negative sentiment, but in reality it is much sound and fury, signifying nothing.............................................Full Article: Source
|