I made good shorts on gold stocks today. Haven't traded a basquet for a long time.
Gold prices fell to a monthly low amid a general sell-off in commodity assets. Traders explain the decline by the strengthening of the dollar and the desire of investors to cover losses in other assets by selling gold.
To reassure investors, finance ministers and central bank governors “The big twenty” (G20) promised to do everything necessary to stabilize the global financial system. But analysts believe, what before buying gold, investors will follow further developments in the global economy.
“When gold is so volatile, many buyers are sitting, waiting and worried. Volatility is bad for investors, as it lowers the level of confidence”, - said Sharps Pixley analyst Ross Norman.
P.S. We leave with gold more silver and platinum
