Is Gold a Buy? Or Should Investors Sell Gold?

Is Gold a Buy? Or Should Investors Sell Gold?

As gold falls to a new low, gold futures are up. From CNBC: The metal was headed for its sixth weekly loss in the past seven, down 1 percent so far and having hit its lowest in more than three months at $1,147.10 on Wednesday. "It's almost like it's confused. It looks like it's trying to find itself,'' said Teddy Sloup, senior market strategist for iiTrader in Chicago.From MarketWatch: Gold still has a shot at $2,000 an ounceContrary to some expectations that gold prices are more likely to fall, Capital Economics on Friday said they might actually top $2,000 an ounce. “Many of the latest headlines have focused on the negative implications of the surge in the dollar,” said Julian Jessop, head of commodities research at Capital Economics. But “this misses the rather bigger point that the gold price has held up remarkably well given the extent of the dollar’s move.”

NPHC Disclosure: We hold not shares and will not be receiving any shares. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we don’t own shares, will not be buying shares and will not be selling shares. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to five thousand seven hundred dollars for coverage, assuming three months coverage. StockGuru – McKinney, Texas 75070 – (469) 358-5200.

Logo Header Menu