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Should gold be doing better?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
truthingold.com / February 10, 2016 at 11:08
Uncertainty in financial markets has continued to fuel safe-haven demand for gold, giving rise to an unlikely question: should gold be doing better?
The yellow metal has cemented its status as the best-performing commodity of the year, rising more than seven per cent year-to-date in dollar terms.
Having hit fresh three-month highs buoyed, by a sell-off in equities and most recently dollar weakness, it is currently trading above the US$1 140 an ounce level.
The current price marks a significant improvement from the US$1 050 an ounce mark, the six-year low at which it traded less than two months ago. But it is still lower than its October 2015 peak, just above US$1 187 an ounce.
As Julian Jessop, Head of Commodities Research at Capital Economics, points out, that peak was prompted by a sell-off in global equities much like the one in recent weeks.
The post Should gold be doing better? appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/11/should-gold-be-doing-better/
