GET METALS NEWS THAT MATTERS
Gold is now even on the year.
Bullion.Directory precious metals analysis 1 December, 2014
By Christopher Lemieux
Senior FX and Commodities Analyst at FX Analytics
Gold has been the victim of hate-speech, daily “gold to $800” articles and the accusation of being in a 6,000 year old bubble. However, many underestimate gold’s resilience as a natural hedge to what is wrong in the world. And, there’s a lot wrong.
[socialpoll id=”2234901″]$1,240 looks to be a key resistance point for gold in order to move much higher. There are mini-resistance points before $1,240, so will poor economic data prove positive for gold?
Material provided on the Bullion.Directory website is strictly for informational purposes only. The content is developed from sources believed to be accurate at the time of publication; however, no representation or warranty is made as to its completeness or accuracy. No information on this website constitutes investment, financial, tax or legal advice and must not be relied upon as such. Users should consult appropriately qualified professional advisers before making any financial or investment decisions. Precious metals carry risk and may not be suitable for all investors. To the fullest extent permitted by law, Bullion.Directory, its staff, affiliates and associated entities shall not be liable for any loss, damage or loss of profit arising from reliance on information contained on this website or from investment decisions made by readers.
Leave a Reply