Gold & Silver Pullback, Declining Comex Inventories & Syria
September 5, 2013
On the heels of continued consolidation in the gold and silver markets, today King World News interviewed Canadian legend John Ing, who has been in the business for 43 years. He spoke with KWN about declining COMEX inventories, the pullback we are seeing in the gold and silver markets, and what investors should expect in the future. Below is what the legendary 43 year market veteran, John Ing, had to say in his interview.
Ing: “Gold has been having a difficult time holding the key $1,400 level. But the absence of traders and investors, because of the Jewish holiday Rosh Hashanah, means that any trading is going to be very volatile in a quiet period such as the one we are seeing right now.
I would note that last week the Comex inventories saw another decline, and as we get closer to every expiry this will provide an underpinning to the market….