Investors continue to flee precious metals. Silver is deflated now up to 7%, and only in so far this year has accumulated a 30% crash. Gold, meanwhile, chain drops its eighth day, their worst run since 2009.
The bears have found a vein in the precious metals. According to data from the Commodity Futures Trading Commission, the number of short positions on gold reaching record levels since the start of the series, which dates from 2006. Specifically, on May 14, had 74.432 contracts 'bearish'.
The increase in short positions is parallel to that recorded its price falls. Gold has fallen today of $ 1, 340 an ounce, its lowest levels in over a month.
The declines have come to touch the 2%. If this trend continues, gold would chain their eighth straight day of declines, which would be their longest losing streak since March 2009.
Losses are much greater even in the case of silver. Only on the day's falls have reached 7%. Its share price is below $ 21.
In the whole of 2013, silver losses reach 30%, the highest among all the precious metals.
Divestments in gold and silver is widespread in a context of reduced appetite for seeking refuge in the commodities market. The more defensive investors focus their sights on the debt market, after the ECB rate cuts, and waiting for the timing of the exit strategy from the crisis of the Federal Reserve.
Source: www.expansion.com
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Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future Book (Business Plus) |
Trading Of Over The Counter Gold And Silver To
2011-06-19 05:38:35 by BOZO__TEXINOBe Illegal Beginning July 15
We wanted to make you aware of some upcoming changes to FOREX.coms product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011.
Gold and Silver smack-downs no longer work.
2013-02-28 11:38:49 by Dead-bugIn the (recent) past manipulation of Gold and Silver prices that drove prices down would cause people to quit buying American Gold and Silver Eagles. Now people take advantage of these smack-downs to buy as much as they can afford.
Silver Demand Surges To Record For February
We noted the strange divergence between the surge in physical demand for precious metals and the falling price of gold and silver yesterday and today; sure enough, just as they give back some short-term gains, we find that with one day left in the month, the US Mint has seen the largest demand for physical silver coins ever
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