This is not my point of view and I don't share the arguments,but whenever gold price gets weak,bearish
opinions abound. I do see a weak gold price in the short term, and I can't see a catalyst for an important
rebound of its price soon. There can be although short term rebounds, if the sentiment turns extremely
bearish,contrarian bets will appear and short covering rallys will follow.
Time To Short Gold
Callum is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
I was wrong, I admit it. A while ago I wrote a post about how central bank demand would push gold higher. Instead, lower CPI numbers and other factors have pushed gold prices below $1,400 and caused numerous investment banks to revise their estimates downward. Credit Suisse sees gold heading to $1,100 an ounce by the end of the year, due to decelerating inflation and the global economy returning to normalcy. One thing I would like to point out is the historical correlation between the S&P 500 and gold.
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