Bad Times For Gold Are Soon To End
Gold’s lackluster performance has disappointed many gold investors, including myself, though the tide appears on the brink of changing in everything but the price. For the last couple quarters, we have heard how central banks are getting ready to unwind their unprecedented monetary efforts of the past. A global recovery has been the mainstream consensus since the new year, and stocks have not disappointed those touting the recovery.
The economic recovery justification, however, at least appears to be withering. Last Friday’s job numbers showed the lowest participation rate since 1979 and disappointed on the headline number, with only 88K jobs created, against a 200k market expectation.
2013-04-09 04:47:26
Source: http://www.goldnews.com/2013/04/09/bad-times-for-gold-are-soon-to-end/
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