A LARGE SWING AWAY FROM THE EURO
Gold: A picture tells a thousand words
The net long dollar position on Inter continental exchange is 150 times the six-year average; CME Euro is heavily oversold
Author: Rhona O'Connell
Posted: Thursday , 25 Feb 2010
LONDON -
As gold appears to be marking time amidst an array of uncertainties, it is probably quicker for the reader to look at a series of pictures than to be presented with screeds of text. Essentially gold's superficially lack-lustre performance in the middle of February can be lain at the feet of questions over future economic policies for the world's largest industrial countries, including interpretation of Dr Bernanke's latest statements, the moves within China and the latest concerns over Europe, notably the likelihood of a downgrade of Greece's debt.
Gold: A picture tells a thousand words
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