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The Short and Long-term Views of Gold

By Ross Norman of Sharps Pixley | Friday 1 November 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The U.S. Comex gold futures rebounded 0.28 percent on Wednesday but plunged 1.90 percenton Thursday to $1,323.70. The silver futures fared even worse, tumbling 4.86 percent on Thursday. The Dollar Index rose for five consecutive days and ended at 80.195 on Thursday, climbing 1.28 percent in that period.


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