STAFF NEWS & ANALYSIS
Gold and Silver Continue to Sizzle as Timing Is Right
By Daily Bell Staff – July 04, 2016
Gold eases off near two-year high, silver crosses $21/oz … Gold slides to two-week low as Brexit fears abate … Gold eased off a near two-year high, while silver breached the $21 level for the first time since July 2014 in highly volatile trade on Monday, prompted by a burst of short-covering in China. – Bloomberg
Gold and silver are having great runs now that the monetary manipulation has eased a bit.
That’s our take anyway, following Deutsche Bank’s admission of guilt and willingness to testify against other metals manipulators.
We’re told it was Chinese short-covering. Or the result of a growing lack of regarding Brexit. Do gold buyers – especially investors – really think that way?
This seems like a larger move, though