Gold News

New Year sales start early for gold investors

The New Year sales have started early today for gold investors wanting to increase their holdings. Gold hasn't been this cheap in terms of the Dollar, Sterling or Euro since late October!

By the London PM fix of $614/oz, in fact, gold had retreated to a level first crossed by this bull market more than 8 months ago.

"After failing to breakthrough $650," says one pundit on the internet, "gold consolidated at lower levels, and is now quietly strengthening."

Gold's strength is now so quiet, it's actually weakening instead.

But is this the time to sell...or buy? With gold failing to make the front-pages...failing to recover its multi-decade peak of May 12th...and failing to close the year strongly...shouldn't you consider the contrarian case for doing what everyone else isn't?

Click here to keep reading...

Adrian Ash

Adrian Ash, BullionVault Gold News

Adrian Ash is director of research at BullionVault, the world-leading physical gold, silver and platinum market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and he has now been researching and writing daily analysis of precious metals and the wider financial markets for over 20 years. A frequent guest on BBC radio and television, Adrian is regularly quoted by the Financial Times, MarketWatch and many other respected news outlets, and his views from inside the bullion market have been sought by the Economist magazine, CNBC, Bloomberg, Germany's Handelsblatt and FAZ, plus Italy's Il Sole 24 Ore.

See the full archive of Adrian Ash articles on GoldNews.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

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