Friday, June 7, 2013
Another sell off for gold stocks
Today the job numbers in the US are impressive and bring Dow up 200+ points. On the mining side, there is another sell off (around 5% for the miners) because the price of gold had dropped almost 2% today. By looking at the gold chart and the Dow. It seems like Dow is running out of steam on the upside and due for a correction and gold is trending on the upside. Maybe I am wrong and time will tell.
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Yes decrease in gold price affect the international gold market a lot. But for the customer or buyer point of view , people are ready to purchase gold as possible as.
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