metalsguru
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- Oct 20, 2010
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India’s rate hike is another indicator of potential declines in gold demand, however prices continue to remain strong despite gains in the U.S. dollar and declines in key commodity prices. Consider it a delayed reaction. Gold and silver have had a recent history of getting ahead of expected support in the stock market or turns in the U.S. dollar, however they play catch-up when the moves get legs. This week should be critical for establishing the coming bear trend in the metals sector as further declines in the stock market, energies and grains are expected.
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James Mound
www.MoundReport.com
(888) 744-8866
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James Mound
www.MoundReport.com
(888) 744-8866
