SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PaperPerson who wrote (4500)12/15/2011 8:41:41 AM
From: PaperPerson   of 4690
 
Gold Could See Further Downside; So Far Long-Term Holders Stand Pat – Commerzbank

15 December 2011, 8:18 a.m.

(Kitco News) -Based on technical charts, gold could see further selling and in the short-term there’s the possibility of prices falling under $1,500 an ounce, says Commerzbank. Weakness of that magnitude would likely be driven by investors in the futures market, they add. Friday’s CFTC data should show the beginning of speculators reducing their net long positions. “That said, investors with a medium- and long-term view are remaining loyal to gold, and gold ETFs are still showing no outflows. In our view, bargain hunters are soon likely to take advantage of the low price levels,” the bank says.

By

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News