n Personal Finance Newsletter - Gold fever! : comment
|Article Title||Gold fever! : comment|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||May 2006|
|Pages||1 - 2|
Extracted from text ... MONEYWEB No. 306 May 2006 COMMENT INVESTMENT STRATEGY NEWSLETTER IN last month's issue of Moneyweb's Personal Finance, we spoke about a gold price "approaching $600" per fine ounce. Since then, we have seen the yellow metal crash through what was thought to be a psychological resistance level to firstly nudge $620, then $630, to hit a 25-year peak of $636 on 21 April 2006. At the time of writing, although off this peak, gold was still holding steady in the mid-$620s. Critically, while the early running was made by institutional demand, private investors all over the world are also picking ..
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