Gold Market Newsletter - Gold Remains Defensive
Gold closed down $2.20 today at $1,698 continuing to struggle at a ninemonth low. It appears that the bears hold all the cards, but my sense is that this market is oversold or close to oversold. And I would look carefully at the numbers next week for signs of a tiring bear. Last Friday gold closed at $1,728.10 so on the week the market is off $30.10. Down for sure but not enough down to do more than further encourage the physical market. Look for bullion delays of four plus weeks in some gol...
Source: coinweek.com