“The gold price saw an epic 12-year bull run – something not even the mighty S&P 500 has been able to achieve – come to an end in 2013, when investors grew confident enough about the outlook for the global economy to move into more risk-sensitive assets such as equities, thereby boosting the dollar. Since then, the gold price has risen by nearly 8 percent to just above $1,300 an ounce. That said, sentiment in the gold market is close to its worst in living memory, as miners and refiners deal with a price that has fallen by more than 30% from its peak and investment banks jettison their precious metals and broader commodities businesses for fear of falling foul of new U.S. trading regulations.”
http://blogs.reuters.com/global-markets-forum/2014/08/13/every-cloud-has-a-gold-lining/
Tip Freedomwat.ch Staff with Bitcoin