Home / Metal News / Equities Throwing A Party, Metals Did not Get The Invite – Triland Metals

Equities Throwing A Party, Metals Did not Get The Invite – Triland Metals

iconMay 28, 2015 15:45
Source:SMM
As gold struggles to break above the $1,200 mark, analysts at Triland Metals say sentiment remains poor.

 Author: Paul Ploumis28 May 2015 Last updated at 04:05:41 GMT

 
(Kitco News) - As gold struggles to break above the $1,200 mark, analysts at Triland Metals say sentiment remains poor.
 
“Overall we feel that a long term base is being formed here paving the way for the next bull leg in the super-cycle; but current conditions favor a slip to the lower end of the range,” they say in a research note Wednesday afternoon.
 
“Bubbling stock markets and an impending reversal of ultra-low interest rates in the U.S. are shaping up areas of uncertainty as we move into the middle of the year – it is uncertainty that gold revels in so keep an eye on the technical picture which changes if we set a fresh high above $1308,” they add.
 
For now, they say the “party is going on over in the equities markets,” and there isn’t much to get excited about in the precious metals space.
 
Courtesy: Kitco News
Triland Metals
gold price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news
    timeJul 26, 2021 11:58
    timeJul 26, 2021 11:39
    timeJul 26, 2021 11:51
    timeJul 26, 2021 11:41
    timeJul 26, 2021 11:27
    timeJul 26, 2021 11:18
    timeJul 26, 2021 09:26
    timeJul 23, 2021 21:48
    timeJul 23, 2021 21:46
    timeJul 23, 2021 21:40

SMM Events & Webinars

All