Gold Under $1,100 In Early Trading

$750 fair value....excellent article. This guy is MUST reading for all things global and European financial:

http://www.telegraph.co.uk/finance/...rs-smash-gold-as-dollar-squeeze-tightens.html

Best financial columninst, bar none.

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Speculators Smash Gold As Dollar Squeeze Tightens


By Ambrose Evans-Pritchard

Powerful speculators have launched an unprecedented attack on the world gold market, driving prices to a five-year low as commodities wilt and the US Federal Reserve prepares to tighten monetary policy.

Spot prices slumped by more than 4pc to $1,086 an ounce in overnight trading after anonymous funds sold 57 tonnes of gold in Shanghai and New York, choosing the moment of minimum market liquidity in what appears to have been a synchronized strike intended to smash confidence.

edited - forum rules

 

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