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Investing in Gold
Waiting for Gold’s Next Rally
Last week we saw a bounce in the stock market that threatened to send the price of gold down to the $920 mark. After a lightening advance celebrating the approval of the quasi-nationalization of America’s too-big-to-fail mortgage providers, the market caved on reports of continued stress in the homebuilders.
The Dow gave back almost five days’ worth of gains in one fell swoop.
So should we not have seen a better bounce in gold? Maybe it’s too early to call the Dow.
Further weighing on gold prices were a lifeless bounce in oil and the market’s shift in focus…
30Jul2008 | Whiskey and Gunpowder | Comments Off | Continued
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