By Ashraf Laidi This headline-charged first week of May has been dominated by the announced death of Osama Bin Laden, a historic 5-cent retreat in the euro and the greatest weekly decline in silver. But the week could have witnessed a positive transition (another one) in favour of precious metals. Here is why… The selloff in metals was initiated by a knee-jerk reaction to Osama Bin Laden’s death on the argument that the safe haven trade in favour of precious metals may no longer valid. The gold and silver sell-off were limited to 5%, before a modest rebound ensued in Monday…
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