Gold, Silver, Metal Prices Commentary – 3/15/2010

E.T.F. = Expect Tonnage to Flow. This Is A Two-Way River

Good Day,

Sovereign debt credit rating apprehensions once again arose in the markets as the mid-March sessions got underway worldwide. Such jitters lent fresh support to the precious metals complex overnight, however gains in gold were facing a stronger dollar, and the other side of the credit fears spectrum; that of China tightenting in the near future. Thus, advances during the nighttime hours were limited to the $1109 value zone for gold, and the yellow metal still had its work cut out trying to repair the worst weekly loss in values it sustained in seven last week.

(…)
Read the rest of Gold, Silver, Metal Prices Commentary – 3/15/2010 (1,616 words)