The gold price pauses for breath

After the rise of almost the price of gold htiishr by increasing the ceiling debt and liabilities of the Federation to keep interest rates at an emergency for the foreseeable future, we see finally fixing the price of gold. Upon reaching a high of $1,814 this week, is release-more than 4%, reaching $1,731 last night; He now subjects at $1,750. The trigger for the patch seemed to increase margin requirements on Comex, although after a long ascending without interruption for almost everything lhanis weak hands, make them sell their positions realize profits.

Will be interesting to see how long this lasts for several reasons. First of all that month drops most numeric indices, with exports hit by fears of a double dip, “the relative outperformance of gold certificates from safe haven investors its incoming comment. And secondly because Turk James very presciently predicted that the market sell-not similar to that of 2008, this gold would hold its own. So far he is proved right. A third very interesting to see the line-up of the gold market is slowly, slowly reducing the presence of weak hands buyouts and accumulators with a higher sensitivity to physical for the volatility, as well as purchase size ready to exploit the purchase, making their presence.

Really would change the psychology of investors, many merchants are no longer just for the ride, but instead see what gold holders can offer in terms of insurance against physical risk and currency devaluation.

We’re three days away from the 40th anniversary of Nixon closed the gold window “,” find 40 years silver Fiat experiment, an experiment which is currently being questioned, such as Reuters points out in this article.

In any case the trend bullish for gold remains uninterrupted, with the fall season strong traditionally very close, all fixes greeting or a chance to accumulate gold buyers.