Tuesday, December 3, 2013

Time for Gold Investors to Admit Defeat?

After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart can certainly seem to confirm this impression.

Gold's price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall sell off. Many technical analysts are saying that the "damage" on the charts is too great for gold to recover.

The rout is so bad, even hardened gold (lovers) have grown quiet lately.

Is it time for gold investors to admit defeat?... more here

Gold in New Zealand dollars: $1491.50 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)
Low since previous high: $1532.30 (28 June, 2013)

Silver in New Zealand dollars: $23.57 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $23.51 (28 June, 2013)
_____________________________________________________________

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001
_____________________________________________________________

Go More Raw: Raw Food for Everyday Living

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. Consultations, Classes, programs and products.
_____________________________________________________________

No comments:

Post a Comment