Wednesday 16 April 2014

Gold Reportage and Silver Technicals

On the anniversary of the big decline in gold there was an interesting focus on gold yesterday.

Well reported by Sean Broderick at King one Eye

The World Gold Council published a report titled
 "NEW REPORT PREDICTS SUSTAINED STRONG GOLD DEMAND IN CHINA IN NEXT FOUR YEARS"

The Wall Street Journal managed to turn this into an article titled

China Is Losing Its Taste for Gold

Meanwhile the FT ran with

While Goldman was re-stating the $1050 price target as discussed by Mish

Meanwhile technical analysts
might give cause for concern over silver.
If there is a topping stock market and gold at least sees some safe haven bid there is unlikely the same support for silver?













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