Gold, Silver lost its shine: Mecklai graph

Mecklai graph of the day - Gold & Silver loose its shine

Gold and silver witnessed a very sharp downfall after Fed Chairman Ben S. Bernanke affirmed that interest rates are likely to stay low at least through late 2014 without offering any indication that further monetary easing is under consideration. Both had rallied for 11 straight months due to European Debt Crisis, easy monetary stance by major central banks and inflationary pressure in the developing economies making it long due for a correction. Bernanke

Read More