Gold continues its short-term rally as assurances from Federal Reserve Chairman Ben Bernanke that QE3 remains alive kept the precious metal on track for its first weekly advance in a month.
In mid-April, a black swan crash-landed on the gold market.
Over just two trading days, gold futures prices shed 13%, falling from $1,575 to $1,375.
That $200 cliff dive was the largest two-day drop in 33 years.
Gold prices already had been in steady consolidation mode for 18 months. But the magnitude and swiftness of this dramatic move were rare…to the point of suspicion.
How did markets react? Unlike almost anyone expected.
What caused such a landslide, and who may be behind it? More importantly, what are the implications for the precious metals markets moving forward?
The conclusions will surprise you — and help you invest more wisely.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. It’s been a good few days for investors…
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This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. With gold prices – which closed at a…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. In recent years, global gold production has been…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Renowned bond investor Bill Gross, the manager of…
This is a syndicated repost courtesy of Money Morning – Only the News You Can Profit From. To view original, click here. Reposted with permission.…
This is a syndicated repost courtesy of Money Morning – Only the News You Can Profit From. To view original, click here. Reposted with permission.…
