Saturday 20, April 2013 by Gerhard Schubert

Precious Metals Report: Reasons to be cheerful...

I never thought that I would write so enthusiastically about a week in which the gold price lost just shy of $75. The week started with the huge sell-off which brought prices down to the $1325 level, only to be repeated the following day with sweeps down to the $1335 level. However, there was and is some light at the end of the tunnel as unprecedented physical demand from all over the world started to take advantage of these “low” prices.