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MarketWatch: Gold Down, Cash Is King

LONDON, 26 September 2011 - A market view from BullionVault, the world No.1 gold ownership service online, appears today in the latest precious-metals update from MarketWatch, the investment news service from the Dow Jones stable of publications.

"Short term, there's clear demand destruction in gold derivatives right now," says Adrian Ash, head of research at BullionVault, in comments emailed to the newswire.

"The Dollar and Japanese Yen rally also continues to hurt gold prices," Adrian adds. But longer-term, it's hard to see this current sell-off as the end of gold's underlying bull market - because "Gold tends to fall when other investments ? shares, bonds, even cash ? offer a better opportunity."

You can read the full MarketWatch report here. Adrian's analysis was also quoted at length today by the UK's Daily Telegraph newspaper.


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Source: 
MarketWatch