Maktari to Tumble Gold Market 
(01/01/1900)
"The gold hand" Maktari could set the gold price tumbling as he expects to close yet another private gold deal in Europe on behalf of his Saudi or Middle Eastern clients in the coming week.
Confirmed reports indicate this morning that Maktari will be purchasing a very large amount of gold at market value on behalf of his investors and in turn trade more gold on the market that was originally bought.
This will more than likely see the price of gold drop rapidly.
Traders are expected to trade with caution over the next week or so or until prices start to fall.
Gold has already declined in London and India however reports indicate and suggest that this is also due to the US economy.
Whether the dollar strengthens or not, Maktari could well influence the direction of gold in the coming weeks.
The question on everyone’s mind right now is, “when will Maktari make his move and what prices are we likely to see gold being traded at in the coming weeks”?
It seems that most commodities are struggling at the moment after a promising start to 2008.
Related categories: Futures Gold bars Gold trading
