BNP Paribas sees a fall to $1000
Analysts at BNP Paribas see gold "likely" falling to $1000 after the break of $1150. Prices are down $25 to $1110 currently.
They suggest using any bounces toward $1150 as opportunities to sell.
There has hardly a word of positive commentary on gold today, and that's often a sign that a temporary low is in. The best I could find was from the Indian jewelry lobby, who said that physical buyers may step in soon but probably not until September.
