Monthly Precious Metals Report
(Aug 2015)Source: ScotiaMocatta
Sentiment across the precious metals is extremely weak with prices
working lower almost on a daily basis. The most bullish aspect of the
market is that the funds are holding extremely large short positions.
- Gold has for now lost its status as a safe-haven, which highlights
investors’ confidence in the global financial system.
- With investors now not buying, indeed they are adding to supply
by redeeming their ETF holdings, supply might need to be