>>
Current catalysts for gold prices include: inflation, especially global inflation, geopolitical concerns, rising demand for gold, moves in the dollar and others -- in addition to the global financial crisis, said Dan Hassey, a senior research analyst for Boca Raton, Fla.-based Gold & Energy Advisor.
Some believe a lot of those factors are already in the price of gold and that's why gold has not moved much -- it's already doubled in the last five years with investors having anticipated some of these problems and bidding up the price, he said.
>>
Meanwhile back at the ranch, a good rally day for stocks (and gold). It feels too early to short, and too late to buy. Being on the sidelines during this decent rally is an uncomfortable situation. However, jumping in for the sake of doing something, just for kicks is rarely a wise move.
>>
Meanwhile back at the ranch, a good rally day for stocks (and gold). It feels too early to short, and too late to buy. Being on the sidelines during this decent rally is an uncomfortable situation. However, jumping in for the sake of doing something, just for kicks is rarely a wise move.
No comments:
Post a Comment