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Reuters: Leveraged Gold Loses Appeal

NEW YORK, 21 November 2012 - BullionVault's new vice-president for business development in the Americas, Miguel Perez-Santalla, is quoted today in the latest precious-metals report from Reuters, a global leader in financial market news.

Looking at the short-term week's poor news from the Eurozone plus strengthening US consumer confidence data, "Unless people see something is going to happen, they are going to get out of gold," Miguel tells the newswire.

"A lot of the trading is leveraged trading in futures, and many people don't want to sit around and take big risks."

You can read Miguel's comments in the full Reuters story here...


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Source: 
Reuters