Gold volatility - Panic!
Gold is at its most volatile, at least over the past 3 years:
The ATR (Average True Range) - a measure of daily volatilty - has spiked up along with the panic buying. Usually, very high volatility is a prelude to a change in trend. Let’s see.
Also note that these crazy moves won’t go over well with jewellers & retail buyers in India - especially with the festival (gold buying) season around the corner.
More on this topic
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The Five Best Ways to Invest in Gold Today
(Money Morning, 12/20/08)
US Mint: Demand has exceeded supply for gold coins
(Blogging the Commodity Bull Market, 9/26/08)
“Make $2 Every Time Gold Goes up a Buck ” McCoach
(Stock Gumshoe, 11/4/08)
AuEx Ventures: An Intriguing Gold Junior Opportunity
(Blogging the Commodity Bull Market, 10/7/08)
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