Pinnacle Digest writes: Gold and silver remain in a strong bear market, with government policy and panic selling holding both metals down.
In overseas trading this morning, gold and silver both remained unchanged on the day, but down significantly from London’s mid-day trading on Friday (gold down 2.3% since Friday’s lunch in London).
For the first time in a while, the Japanese Yen put together a winning day, and gained against the USD after touching a 4 year low on Friday. Despite that, commodities across the board sunk lower.
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Adrian Ash runs the research desk at BullionVault, the world's No.1 gold ownership and trading service. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and is now a regular contributor to many leading analysis sites including Forbes. Adrian's views on the gold market have been sought by the Financial Times and Economist magazine in London; CNBC, Bloomberg and TheStreet.com in New York; Germany's Der Stern and FT Deutschland; Italy's Il Sole 24 Ore, and many other respected finance publications.
Visit Adrian at www.BullionVault.com