Dec 3 2013, 11:47 AM
QUOTE(Curious Guy @ Dec 3 2013, 08:41 AM)
Morning sifus-sifus,
I'm extremely new in gold & silver. I just manage to read couple of recent pages.
In my humble and curiosity, the recent drastic drop in gold price is it related to the followings:
1. Yellen has signal that Fed will pull back 85B monthly bonds purchasing
2. Yellen has signal that the USA economy is recovering, and may increase interest rate
3. Cyrus banking crisis that has forced 10tonnes gold to be sold
4. Investors switching to Bitcoins, other ETF & equities
5. The rapid fiat currency being printed and float into global economy.
Is the recovering of US economy will further dampen the gold price, especially 2014 which may hit below 1200/oz?
Some analyst mentioned the gold price will further drop until end of December 2013. The price in 2014 will stay approx 1400/oz
Pls correct the above statements, if not appropriate.
THANK YOU
I hope it become true..In fact day per day i saw the gold price drop, my heart also pain. Last time I bought 163.40/gram. I'm extremely new in gold & silver. I just manage to read couple of recent pages.
In my humble and curiosity, the recent drastic drop in gold price is it related to the followings:
1. Yellen has signal that Fed will pull back 85B monthly bonds purchasing
2. Yellen has signal that the USA economy is recovering, and may increase interest rate
3. Cyrus banking crisis that has forced 10tonnes gold to be sold
4. Investors switching to Bitcoins, other ETF & equities
5. The rapid fiat currency being printed and float into global economy.
Is the recovering of US economy will further dampen the gold price, especially 2014 which may hit below 1200/oz?
Some analyst mentioned the gold price will further drop until end of December 2013. The price in 2014 will stay approx 1400/oz
Pls correct the above statements, if not appropriate.
THANK YOU
Quote
there is a risk btw
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