Gold Investments Market Update - October- Brutal Month for Investors - Significant Reappraisal of Risk as Focus Shifts to Solvency of Nation States

By Mark O`Byrne
03 November 2008 @ 07:47 am EDT

Gold and silver have risen in Asian and early trading in Europe today. Last week saw gold fall some 1.4% while silver rose 4.9%. The performance of the precious metal mining shares may be an indication that we are at or near a low in this sell off as the HUI and XAU mining indices were up sharply last week - up 14.4% and 14.95% respectively. They tend to be a leading indicator of a trend reversal in the precious metals.

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