Commodity Trade Mantra

Posts Tagged ‘Falling Yuan’

Is The Rally Beginning, Or Is That It For Gold Prices?

Following the sharp fall back in gold prices to near US$1,200 an ounce, Bloomberg’s headline said ‘Gold coming back down to earth’. Gee, sounds scary. Is that it for gold then? Is the bear market about to resume? My personal view: As long as the price doesn’t fall back below US$1,160, gold looks good for another move higher, which would put an end to the bear market.

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