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Papli
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Gold Below 200-Day Average, Technical Analysts Point Below $1600 - Bullion Vault -

With gold at sub $ 1700 consequent to failed attempts to break $ 1800, it may be wiser and safer to predict further dips. Gold and silver prices at $ 1700 and $33 have sustained themselves against all economic and geo-political odds including the go slow on QE being dolled out surreptiously though. The Europian mess is unlikely to be resolved into a sumptuous meal. Iran remains on the agenda and any conflict will be counter productive to the cause of economics, oil or making the world a safer place to live in. Gold will under these circumstances thrive and silver will follow suit.

Commented 4577 days ago

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Beginning of the headline : THE WHOLESALE SILVER and gold price rallied from 6-week lows Wednesday morning in Asian and London, recovering 2.1% and 1.0% respectively as world stock markets also bounced. Crude oil recovered from a 2-week low at $105 per barrel, but the European single currency failed to hold an early rise ahead of Thursday's Greek debt-restructuring deadline... Read More

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