This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street…
On Monday, gold enjoyed its biggest one day jump in more than a year. It hit a four-week high as the precious metal staged a rebound. Gold finally broke through the $1,300 an ounce technical resistance level and finished above $1,335 an ounce.
If you’re looking to profit from a long-term investment, you’re probably not considering adding gold mining stocks to your portfolio.
When Ben Bernanke speaks, the gold market listens – closely.
The Federal Reserve chairman’s comments late Wednesday that the central bank would continue its QE3 economic stimulus for now drove gold prices higher, and they’re likely to keep rising.
Barclays Capital had a sobering update on India today. Apparently June saw the largest outflows on record from bond and equity portfolios.
What I’m about to say will challenge even the most steadfast gold bears – or anyone for that matter right now who thinks that gold has seen its better days.
Will gold prices rise in 2013, or will the bear market continue in the second half of the year?
The bears have certainly been loud this year, as short-term bets against gold paid off in the first half of 2013. Gold lost 27% in Q1, the worst first-half performance since 1981.
Whether you own gold or have been sitting on the sidelines, you must be wondering whether now is the time to buy more or to finally get in the game.
With gold prices near two-year lows through much of 2013, a bargain-hunting Money Morning TV viewer asked us about how to invest in gold.
