The uncertainty in the gold market continues thanks to the political situation in Greece (yesterday's elections in Germany as well as those of France last week also demonstrate the political instability in the Eurozone at the moment) and unexpected losses announced by the bank American JP Morgan. Not help the latest economic data from China, confirming the slowdown of its economy and that has negative implications for the consumption of raw materials, including gold. In the short term outlook for gold prices are a sign neutral / negative.
May 14, 2012 Timothy Pickford PRECIOUS Argyor (AMPSA)
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The uncertainty in the gold market continues thanks to the political situation in Greece (yesterday's elections in Germany as well as those of France last week also demonstrate the political instability in the Eurozone at the moment) and unexpected losses announced by the bank American JP Morgan. Not help the latest economic data from China, confirming the slowdown of its economy and that has negative implications for the consumption of raw materials, including gold. In the short term outlook for gold prices are a sign neutral / negative.
May 14, 2012
Timothy Pickford
PRECIOUS Argyor (AMPSA)