GOLD IN NO MAN’S LAND, PUNTERS HEAVILY SHORT $GLD $SLV $GDX $NUGT $DUST $GDXJ
This article was published in Business Standard, India’s second largest financial publication. India is very important for gold. Please scroll down to see Nigam’s comments. Gold heading towards no man’s land by Rajesh Bhayani Gold prices are heading into no man’s land. While the yellow metal’s price has fallen sharply in the last few days, keeping in line with the fall in crude oil prices since the two commodities usually move in a similar direction, it may now be entering an uncertain era. The reasons are many. Technically, gold is oversold and, as of now, has found support near its technical support level. However, according