Sunday, January 4, 2015

Why Gold cannot rise very soon

Commodities are all down.
South African Rand has been falling.
US Dollar has been rising.
As Euro slips, trades were in favour of the Yen as a parking slot rather than the yellow metal.
Oil is sliding down and there appears to be some correlation between oil and gold.
Bundesbank President Jens Weidmann feels that falling oil is good enough stimulus.  Draghi will take time to convince him. 

Views expressed without risk or responsibility.

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