Barry Stuppler

GOLD Last week was all about the European Central Bank (ECB) and the European Financial Minister’s meetings in Brussels. They met to hopefully agree on a “fiscal compact” which could be part of a badly needed solution to the debt crisis for European sovereign nations and banks. During the meeting the ECB announced a ¼ % cut in interest rates...

Could platinum be the precious metal to back in 2012? Prices have plunged recently and it is now cheaper than gold. Indeed, the platinum spot price has slumped by 26pc since its high in August and it briefly fell below $1,500 a troy ounce last week. “For the very first time, a troy ounce of gold now costs over $200 more than a troy ounce of platinum,” Commerzbank analysts led by Carsten Fritsch, said.

“The price difference between gold and platinum.....

Back in August with Gold running to parabolic wave 3 sentiment induced highs, I warned of a major top and multi-month correction.  We all know that the fundamentals for the shiny metal are stronger than ever, but you must keep in mind that the market prices all that in well l in advance.  Coupled with excessively bullish sentiment that was capped off by a USA Today cover with Gold on it, it was easy to see a major sentiment correction and therefore price decline was at hand.

If we fast forward a few months from my then blasphemous call for a top and multi month consolidation, we can see that Gold has ....