Market Report: Equities Down, Gold on a Tear
Friday, January 8, 2016 8:29
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by Alasdair Macleod
Gold Money
The year started with a bang.
Gold rose 4.5% and silver 3.8% in the first four days’ trading, while equity markets had a torrid time. The dollar was also strong against the other major currencies, and many investment gurus are now worried, ranging from Marc Faber to George Soros. Overnight, on Thursday/Friday, state intervention was reported to have steadied Chinese equity markets, and gold and silver prices fell back slightly on real or imagined profit-taking.
One could argue that markets are only normalising. After all, equities have been buoyed up by zero interest rates and the usual bullish tones from analysts who are always positive for the new year.
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Source: http://financialsurvivalnetwork.com/2016/01/market-report-equities-down-gold-on-a-tear/?utm_source=rss&utm_medium=rss&utm_campaign=market-report-equities-down-gold-on-a-tear
