“Gold Update”- Gold Goliath

Posted on :Jul 01, 2014

Gold last reported this morning hits a 3.5 month high at $1328.50 and silver steadies at $21.11. Turmoil in the Middle East and the Ukraine combined with poor economic numbers are weighing heavily on these advances.

Speculators are buying but they are still cautious of a pullback that can take place any moment. We continue to expect prices to move back around $1300.00

The bullion bankers did not short gold futures for two Tuesday’s in a row and as always they remain the wild card in the game.

Gold Goliath is not your typical gold dealer.

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