Metals Bulls vs. Bears: Who’s Right?

Posted by on April 5th 2012 in Bailout, CFTC, Federal Reserve, General Economy, Gold, JPMorgan, Monetary Policy, Quants, Short Sellers, Silver, U.S. Congress, Wall Street | Be the first to comment!

With “Gold traders bearish for first time in 2012,” according to a Bloomberg survey on next week’s price action, Mineweb‘s Lawrence Williams asks: “Are the gold and silver bulls clutching at straws?” He writes that with this week’s drop in precious metals prices,”The bullish gold commentators are all out in concert explaining why neither the fall, nor the data which appears to have led to it, is relevant with regard to the long-term price of gold and silver, indeed the most positive among them still predict huge upturns in precious metals price fortunes this year and for the future.  Who is right?  The markets or the pundits?”

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