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Equities Throwing A Party, Metals Did not Get The Invite – Triland Metals
May 28,2015 15:45CST
industry news
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

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