| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
FSN: Daily Nugget – Gold Fights Back Against Fed Rumours
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Jan Skoyles
The Real Asset Co
Overnight gold climbed its most in the last week as its recent three-day decline attracted investors looking for a bargain. Support was found thanks to the weaker dollar but was unaided by ETF outflows.
Many believe that until an end comes to the ongoing ETF liquidation, gold will not sustain further gains. Holdings in the SPDR Gold Trust, yesterday stood at their lowest level since March 2009.
Data from China yesterday was ‘weaker’ than expected. This was bearish for the precious metals, however when the data is put in the context of ‘positive’ data from other major economies, you can hardly call China’s economic releases ‘weak’. For instance, analysts had expected a 9.5% increase in industrial production, it came in at 9.3%.
Continue Reading at TheRealAsset.co.uk…
Source: http://silveristhenew.com/2013/05/14/daily-nugget-gold-fights-back-against-fed-rumours/
