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Bearish Outlook On Gold Signals Buying Opportunity

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Forum Post
12/02/11 04:19
Gold Mine

Bearish Outlook On Gold Signals Buying Opportunity

Thank author of this post/commentDespite the fact that gold has outperformed virtually every other asset class for the past decade, the September correction in gold prices has caused market sentiment to turn decidedly bearish. As measured by the London closing fix price, gold reached an all time high of $1,895 on September 5th. Within the next three weeks, gold had plunged by almost $300 per ounce, closing at $1,598 on September 26th.

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