Wednesday 23 August 2017 | The view from Wall Street & Silicon Valley


Gold

Is the taper sell off in gold misguided

By Ben Turney | Sunday 22 December 2013


 


On reflection, I suppose it had to happen. Once gold failed to build on the summer’s rally and the 50MA crossed back through the 100MA at $1,322/oz a month or so ago, a retest of the summer’s lows had to be on the cards. The latest move to the downside has been driven by the market’s response to the taper, but is this weakness in the precious metal a buying opportunity?

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