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Gold Heads for Biggest Weekly Drop in Over 28 Years
purch
Posts: 9,865 Forumite
http://www.bloomberg.com/apps/news?pid=20601012&sid=aYDoX6zawJj0&refer=commodities
"The decline in the gold price is not only linked to a further strengthening in the U.S. dollar but also evidence that physical buying of gold via ETFs is beginning to fade,'' Deutsche Bank AG analysts led by Michael Lewis wrote in a report today. ``We estimate fair value for gold to be $600-$620 an ounce.''
"The decline in the gold price is not only linked to a further strengthening in the U.S. dollar but also evidence that physical buying of gold via ETFs is beginning to fade,'' Deutsche Bank AG analysts led by Michael Lewis wrote in a report today. ``We estimate fair value for gold to be $600-$620 an ounce.''
'In nature, there are neither rewards nor punishments - there are Consequences.'
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Comments
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Interesting, I was looking to have a nibble at gold today, but it's held up better than early indications, so I'll remain on the side for a little while longer.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0
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