Tuesday, March 23, 2010

Clive Maund on Gold

Clive Maund has a new gold update at Kitco, 22 March 2010.

I have not added to gold positions recently, and remain slightly wary of a ''summer sell off'' in equity markets that may trigger a sell off in the precious metal markets.

The USD has been trending upwards, aided by the turmoil in the Eurozone; that has kept the EURO in check.

But I must say that inspite of the strength in the USD, gold prices have continued to consolidate.

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