Thursday, 5 January 2012

Gold Price Meltdown


GOLD was in his best in the month of July and August last year. A Gold Price of $2,000 an ounce looked a certainty before the end of the year, writes our experts.
But then unusual forces raise the Gold Price and all other global financial markets. Shades of the credit crunch hit the markets under the title of the Eurozone debt crisis. This had been going on for the last two years, but it entered a very dangerous stage in the last quarter of year 2011.

Investors have been used to prices falling for fundamental or technical analysis reasons, but the phenomenon that we first saw in 2007/8 reared its ugly head again.

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