FYI: What on earth is going on with gold?
The metal, which hit an all-time high of $1,900 an ounce in September 2011, has been a mostly disappointing investment since. But a sudden 6% rise in the past four weeks, to a recent $1,320, has some investors wondering whether the market’s modest assumptions about gold and gold-mining stocks need to be reconsidered.
“I don’t think anybody expected this kind of jump, and I’m wondering what else Wall Street forecasters have wrong,” says John Hathaway, chairman of Tocqueville Management and co-manager of the Tocqueville Gold Fund. “To me, gold is looking strong, and not all of this rise is for the short term.”
Regards,
Ted
http://www.cetusnews.com/business/Gold’s-Recent-Rally-Could-Be-Just-the-Start.HyxQekAmf.html
