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View Full Version : What Happened to Gold's Safe Haven Appeal?



Customer Care
07-10-2015, 04:26 PM
http://i.imgur.com/aAIUo9z.jpg (https://connect.kitco.com/subscription/newsletter.html)


What Happened To Gold's Safe Haven Appeal? (http://info.kitco.com/what-happened-to-golds-safe-haven-appeal)
(http://info.kitco.com/another-round-at-the-bar)


After the computer malfunction that knocked out trading at the New York Stock Exchange for more than three hours this week, traders can enjoy this Friday by catching the U.S. Women’s Soccer team as they head down Broadway for their celebratory ticker-tape parade.

As for what’s affecting gold, most analysts we spoke to this week agree that the Greek crisis will be resolved, albeit short of catastrophe. Another key issue for the gold market is the lack of strong gold buying coming out of China despite this week’s drop in Chinese stock markets.

Chinese investors did not flock to gold when the stock market fell; they took it as a buying opportunity to buy more stocks. It may be too premature to see the impact on the gold market, but it definitely suggests investors are not seeing gold as a safe haven.

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silverone
07-10-2015, 04:30 PM
my 2 cents worth? Gold has been MANIPULATED down.:confused: Perception is EVERYTHING! we're in a recovery after all...

captainsilverton
07-10-2015, 05:14 PM
my 2 cents worth? Gold has been MANIPULATED down.:confused: Perception is EVERYTHING! we're in a recovery after all...

ahh read the fine print haaa^^^^^^

inma