Gold Investments Market Update – Silver Remains an Essential Diversification with Extremely Strong Fundamentals
Gold and silver rose marginally for a second day yesterday as bargain hunters and value buyers continued to accumulate.
The dollar was up marginally as was oil and stock markets eked out marginal gains.
News that international gold scrap supply (mostly consumers selling jewellery) has for the first time in 30 years surpassed international jewellery demand. Looked at singularly, this is ostensibly bearish. But it is bullish from a contrarian perspective as it shows that there is little or no “gold mania”.