The Betts name has been inextricably linked with precious metals for over a quarter of a millennium and the family business is the oldest surviving precious metal refining and dealing business in the UK. 1760 saw the dawn of the industrial revolution in England and the ascension of King George III to the throne. Alexander Betts came from Battle in Sussex to the village of Birmingham...
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Nice Rally, but Can Gold Sustain It?
We had a stink bid in at the opening, but gold’s ebullient leap from well above it left us choking on dust as we played spectator for the remainder of the day. The chart (see inset) shows a subtle but very compelling rally target at 1320.50, and I have little doubt the futures will get there. However, if the rally is going to suck in more bullish buying, it will need to impale D=1320.50, the more brutally the better. Today we’ll just watch, learn and plan.
Going for gold – but is it a good investment?
Is gold an investment? Last week I would have been very tempted to answer “who cares?” as I fondled a kilogram bar a little smaller than an iPhone. The colour, smoothness and sheer weight of such a small object was totally seductive.