Gold and silver are finding support and the end of 2011 was not a time to call the end of a trend, but to realize that gold and silver was providing a discounted buying opportunity. The mining shares have never been so oversold in this entire decade long run as it was in the end of 2011.
The demand for gold is high that is why many are enticed to invest in this valuable metal. Most probably, the increase in demand is due to the people’s fear of the negative effects of inflation.
There can be no fair argument made for the case of exempting commodity speculation when equity market transactions are being taxed.
A technical reversal combined with a cutback in speculator net longs plus increasing net shorts might signal a trend reversal
