NEW YORK, 12 April 2013 - Miguel Perez-Santalla at BullionVault is interviewed today by leading US finance site, TheStreet, and asked to help explain the morning's dramatic fall in gold prices.
"We had the pressure of the Cyprus concerns," says Miguel, vice president for business development, "which shouldn't matter as normally central bank sales go from bank to bank. It doesn't usually hit the marketplace
"Then following that was Goldman Sachs projecting $1450. This wipes out the weak longs. Also the Fed, but with retail sales data down 0.4% that means they're not going to be able to put the brakes on monetary easing."
You can watch Miguel's full interview here at TheStreet:
Gold Sell-Off Leaves Traders Wondering
Or see a selection of his comments quoted in this follow-up story:
Gold bullion - Buy online at live gold prices.
