The Metals Report: David, can you give us your recap on gold’s recent performance?
David Franklin: During the first half of the year, gold companies booked large write-downs to assets, which they had purchased earlier in the cycle at inflated values. Then, Bernanke mentioned a potential reduction in stimulus from the Federal Reserve, which prompted U.S. hedge funds to sell large positions in gold. Soros, Paulson and Daniel Loeb each sold a large chunk of their holdings. There was just a huge amount of bad news in the whole precious metals sector and it was all priced in by the end of … [visit site to read more]
- The Three Ways Frank Holmes and Brian Hicks Play the Junior Resource Space The Gold Report: Frank, you are one of the most...
- Will We See a Silver Breakout in 2013? In an impromptu poll at The Prospectors & Developers Association...
- Eric Sprott: Central Bankers Are Gaming Gold The Gold Report: The price of gold has dipped under...
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here