by Lawrence Williams, MineWeb.com
One doesn’t know yet if it’s just stale bulls clutching at straws or if something else is afoot, but there certainly seems to be a renewed confidence in the precious metals markets arising during the opening weeks of the current year – an element that was mostly lacking throughout 2013.
Friday saw reports of big gold and silver flows into the major precious metals exchange traded funds; by all accounts Chinese gold demand remains extremely strong – indeed gold movements through the Shanghai Gold Exchange are running at near record levels – and gold and silver related stock indices are showing signs of revival. Whether this is a real sea change, or just another false dawn, remains to be seen.
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