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| Tables & Charts for Thursday, Feb 2nd, 2012 Posted: 02 Feb 2012 09:03 PM PST |
| Bill Cara's Blog for Feb 2, 2012 Posted: 02 Feb 2012 04:00 AM PST CTA Trading Desk Morning Report Two days ago when interviewed on CNBC, CPM Group's metals analyst Jeffrey Christian opined that Gold had reached a cyclical peak that day or perhaps the following day, and that prices would trend lower for the rest of the year. He cited excessive production, excessive sales of jewelry for cash, and lack of investment demand. While I respect the CPM service and its publications, I must note that he too often has made the same call only to be embarrassed as Gold reached much higher levels. |
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