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Edison on Gold – Do not worry price will bounce


By Staff Writer | Tuesday 16 April 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.


Edison Research reckons that the sell off in gold is “nothing out of the ordinary.” You could have fooled me. It reckons that gold will bounce back and is maintaining its long term price assumption at $1676. That would imply gold equities will bounce back sharply.


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