Some of the negatives:
Miners are producing flat out to spread fixed costs over greater volume.
The dollar has stopped its slide.
U.S. treasuries trade down with yields offering real competition to gold's carrying costs
There are a few more but long time readers know I'm not much on the 45-page investment thesis thing.
we're looking for $875 in the latter half of 2014.
$1286.20 last.
From MarketWatch:
Gold futures slumped on Friday, erasing modest gains after a much stronger-than-expected jobs report boosted expectations the Federal Reserve could begin to reduce the flow of monetary stimulus to the U.S. economy as early as next month....And this morning's action:
...David Govett, London-based analyst at Marex Spectron, said that playing these metals has become a game best reserved for algorithmic trading and stock flippers. “Gold and silver have become pretty much off limits to any relatively sensible traders, due to their inability to go anywhere without irrational jumps or dips which invariably end up back where they started,” he wrote....MORE
