Monday, April 26, 2010

Investors believe gold prices will fall
In an online poll of a sample size of 21,600 respondents selected from across the globe, 93% or 20,100 of the total sample size had opined that there would be a fall in gold prices due to a recent upbeat mood in the global equity markets, while only 1400 respondents contradicted the stand, while 0.46% did not comment on either side. This showed that most of the respondents believed that there would be a fall in gold prices in near future due to recovery in global equity markets.

If 93% of investors believe the price of gold will fall, I believe they will rise.

See disclaimers on side bar.

Disclosure: long gold and silver mining shares.

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