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Speculators still dominate the gold and commodities markets

Posted on 09 April 2009

From Seekingalpha.com: There must be too many speculators and not enough serious investors in gold and silver. If you are serious about buying gold and silver as safe haven assets, then you should buy the physical metal, take delivery and hold for long term as an insurance for your financial security.

Monday’s gold/silver plummet proves that speculators still dominate the gold market; sentiments, rather than fundamentals, are still the driving force behind gold price. Even James Sinclair, the most outspoken gold bug, got so frustrated that he almost gave up attempts to persuade people to demand gold delivery from the COMEX…..Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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