PRECIOUS METALS | Consolidation
Silver Unable To Keep Pace With Gold
1400
22
Gold Prices ($ / troy ounce)
20
1300
19
1250
18
1200
17
16
1150
Silver Prices ($ / troy ounce)
21
1350
15
1100
Mar-14
May-14
Jul-14
Sep-14
Gold Inches Up
In what may seem ironical, Moody’s
Investor Service downgraded the ratings
for Goldcorp Inc, the world’s 3rd most
valuable gold miner to the lowest
investment grade with a negative outlook
on a day gold prices surged to the highest
level in the last 12 months. Conquering
the $1280/oz level, the yellow metal
continued the upmove which commenced
from the beginning of the year. Investors
who abandoned gold in recent years, a
reason for the dismal fortunes at Goldcorp
Inc., have started to return and with prices
holding up, short-lived corrections and
less of a threat from the stock markets,
which remains mired in uncertainty,
there is a growing belief on the interest
to