Of course, this surge is disappointing to many (including China we suspect) as the 'transitory' end of the price beatdown means we can buy less physical (and take immediate possession) now than at the June lows of $1180. With gold testing its 50DMA for the first time since February, we suspect the momo crowd will be quick to jump ship should we push on through. Read more >>
Monday, July 22, 2013
Gold Surges To Its Best Day In 13 Months
Of course, this surge is disappointing to many (including China we suspect) as the 'transitory' end of the price beatdown means we can buy less physical (and take immediate possession) now than at the June lows of $1180. With gold testing its 50DMA for the first time since February, we suspect the momo crowd will be quick to jump ship should we push on through. Read more >>
Labels:
Ben Bernanke,
Bernanke,
Business,
China,
Gold,
Gold Investment,
June,
Precious metal
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