September 10, 2013 at 04:00 AM EDT
David Franklin: Is Platinum the New Gold?
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 . . . → Read More: David Franklin: Is Platinum the New Gold? Similar posts: 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...

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]

Similar posts:
  1. The Three Ways Frank Holmes and Brian Hicks Play the Junior Resource Space The Gold Report: Frank, you are one of the most...
  2. Will We See a Silver Breakout in 2013? In an impromptu poll at The Prospectors & Developers Association...
  3. Eric Sprott: Central Bankers Are Gaming Gold The Gold Report: The price of gold has dipped under...
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