Gold - Time to head back down?
After the crazy volatility of last week, gold is no longer ‘technically’ oversold. With the credit bust in full swing, I find it hard to imagine new all-time highs in gold (priced in US $) over the next few months. Inflation indicators around the world have topped out, and the main bullish argument is the view that the US bailout will lead to massive ‘printing’ of dollars, and hence a bull run in gold. I have my doubts.
More on this topic
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The Five Best Ways to Invest in Gold Today
(Money Morning, 12/20/08)
“Make $2 Every Time Gold Goes up a Buck ” McCoach
(Stock Gumshoe, 11/4/08)
US Mint: Demand has exceeded supply for gold coins
(Blogging the Commodity Bull Market, 9/26/08)
AuEx Ventures: An Intriguing Gold Junior Opportunity
(Blogging the Commodity Bull Market, 10/7/08)
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