Gold calls it a draw as China data sinks and US data beats

Jordan Eliseo

ABC Bullion

Gold calls it a draw as China data sinks and US data beats. Precious metal prices stabilised overnight, with gold currently trading at USD $1372 an ounce, and silver sitting at USD $21.33, whilst stocks sold off aggressively Decent data out of the US (where initial jobless claims fell and retail sales beat expectations marginally) were offset by another very troubling set of Chinese economic data, where industrial production, retail sales and urban investment all fell well below expectations in their year on year readings to end January. Its understandable with rates negative all round the world, and especially after last years rally, why many have come to see stocks as 'the only game in town'. But all games come to an end at some point. It might not be now, but this bull market has had a hell of a run. We are at least in the final quarter. Full report here (VIEW LINK)

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Jordan Eliseo
General Manager
ABC Bullion

Gold and precious metal bull since early 2000. Have spent +25yrs working in investment analytics, research & portfolio construction, with a primary focus on the role of precious metals in investor portfolios. Author of two books on investing in...

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