Gold Price Crashes
Posted on Monday, April 15 2013 03:50:00 PM in Blog posts by Annie Clark
Gold Price Crashes.
The price of gold crashed down by almost 8% this weekend - why is this happening and can we speculate about the prices in the future. Some say its scare tactics of traders tying to drive the price down so they can buy it up and drive it back up for a quick profit - others say Cyprus is about to sell 10 tonnes to help bail it out. Rumours are ripe with speculation that if Cyprus does sell this may spark Spain and Portugal to sell there reserves. If this does happen the price could free fall out of control..... or will it.
Speculation is ripe keep this maybe your last chance to sell at a decent price. Let me know your thoughts meantime I found this article interesting. http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=186070&sn=Detail
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