Showing posts with label falling prices. Show all posts
Showing posts with label falling prices. Show all posts
Wednesday, April 13, 2011
Monday, April 26, 2010
Investors believe gold prices will fall
http://www.commodityonline.com/news/93-investors-believe-Gold-will-fall-Poll-27563-3-1.html
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.
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.
Labels:
falling prices,
gold,
investors
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