CME - Should Investors Sweat Gold's Losing Streak?

Discussion in 'General Precious Metals Discussion' started by VRS, Mar 18, 2012.

  1. VRS

    VRS Well-Known Member Silver Stacker

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    http://www.cmegroup.com/education/market-commentary/ws/2012/03/mid-session-silver_635.html

    "Early Friday, gold prices remained mostly flat. However, prices headed towards their third consecutive week of losses, the longest losing streak for the precious metal since October. Despite concerning economic reports, gold and silver seem to be sidelined for the moment."

    "Everything's beginning to look as if it's turning the corner, we've passed the point of maximum despair. A number of things which would have kept people with an eye on the upside for gold have now been neutralized. Gold can now settle back," claimed an analyst at Royal Bank of Scotland."

    "While gold and silver have struggled in March, this appears to be momentary breather from their decade long winning streak. Inflation and budget concerns still persist and more debt-based solutions will only add to the problem."
     

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