"Investment bank Société Générale is calling gold down to below $800 by the end of this year as a stalling in investment is unlikely to be offset by an equivalent recovery in jewellery demand. The fact that prices fell very sharply when investment faltered over the turn of February and March is cited as a potential precursor to more of the same later in the year.
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Société Générale questions whether investors, who have so far been up to the task of absorbing all the metal that the market can throw at them, can sustain this level of activity. For the short term, further investment activity is likely and higher prices are expected to come with it. For the longer term, though, the investor is expected to "take his foot off the pedal" and this will put gold prices under substantial pressure."
http://www.mineweb.net/mineweb/view/...1178&sn=Detail
Buying dip. Sweet.
...
Société Générale questions whether investors, who have so far been up to the task of absorbing all the metal that the market can throw at them, can sustain this level of activity. For the short term, further investment activity is likely and higher prices are expected to come with it. For the longer term, though, the investor is expected to "take his foot off the pedal" and this will put gold prices under substantial pressure."
http://www.mineweb.net/mineweb/view/...1178&sn=Detail
Buying dip. Sweet.
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