Gold, Silver, Metal Prices Commentary – July 28, 2010
Good Morning,
The lowest price in three months, achieved after Tuesday’s brutal sell-off, lured some price-conscious Indian buyers back to the bazaars overnight. It might even turn out to be the case that July’s gold sales in India end up being the best of the year thus far.
As we have often noted, it is [almost all] about price, when it comes to that demand (that, and the calendar, but in that order). In the West however, the trend towards lightening up on the previously huge gold positions and seeking ‘greener’ pastures in other assets remains intact, albeit even as of the latest tallies gold still shows outperformance versus the stock market…. Read the rest of Gold, Silver, Metal Prices Commentary – July 28, 2010 (1,289 words)
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