22.06.2011 - Gold could suffer in panic selling, Greek fears mount
2008 offers a guide to what a worst-case scenario in financial markets could do to gold. Meanwhile, Greek yield spreads remain near records as markets await the passage of austerity measures. Last week was a tumultuous period for the financial markets, with U.S. stock markets once again hitting multimonth lows, while many commodity prices sagged notably. But once again, gold and silver were largely left out of this volatility. Indeed, price action for the duo last week is best described as boring, but that’s likely a good thing in the current environment..............................................Full Article: Source
Print