Auguries—Doors Of Perception April 19, 2012 By Kevin Michael Grace
Gold was down (at press time) $33.60 (-2%) for the week to $1,643, and silver was down .57 (-1.8%) to $31.73. Reuters commented, “Gold has lost around $50 an ounce since late February after a strong run of US economic data dashed hopes of further US monetary easing. A recent drop of volume also reflects waning investor interest in the gold trade.”
According to Carlos Perez-Santalla of PVM Futures, “With the perception that the major economies of the world have their affairs under control, precious metals remain under some pressure.” Perception, eh? Is everyone on antidepressants?