The gold market on Tuesday slumped to a four-month low. The keener “risk-on” trader/investor attitudes in the marketplace the past few weeks has seriously dented the safe-haven metal. Some more price pressure is likely in the near term. If the world equity markets continue to push to record or multi-year highs, gold will continue to suffer. However, when the world stock markets see their very mature bull runs come to an end–and they most certainly will at some point–then hard assets like gold and silver will benefit significantly. Stay tuned!–Jim
