“Gold has been under pressure since the European Central Bank announced a surprise interest rate cut earlier this month, said Carlos Sanchez, analyst at precious metals firm CPM Group. But gold prices managed to hold above $1,240 an ounce, which is an important support level for technical traders, said Sanchez. ‘I think we’re at the lows,’ he said. ‘This is a good buying opportunity for mid to long-term investors.’ Gold has been punished this year as investors pulled money out of safe havens to chase higher returns in the stock market. Stocks have soared to record highs in the latest phase of a nearly five year-old bull market.”
http://money.cnn.com/2013/11/22/investing/gold-prices/index.html
Related posts:
The Next Seven States To Legalize Pot
Family of slain Walmart shoplifting suspect want answers
Britain considers life in prison for owners of ‘killer dogs’
Saudi princess snaps up luxurious Geneva estate for $62 million
Aggressive US police take hundreds of millions from innocent motorists
(Sm)art Investing: Rich Move Assets from Banks to Warehouses
Swiss voters reject world's highest minimum wage, block fighter jets
October 2015 Debut of Yangon Stock Exchange Signals Greater Asean Integration
Central banks last year bought most gold since '64
Indian gems, jewellery exports fall 41% in June on gold shortage
4,000 silver coins found in Roman treasure trove in Swiss orchard
Bitcoin paradise
New German hate speech law tested as Twitter blocks satire account
Faulty paper blamed for new Swiss banknote delay
Perseus, Atlas Launch Global High-Frequency Bitcoin Trading Platform