Gold’s dropping. You want to buy.
But wait just a minute…
Is your desire to buy gold now based on reasonable analysis of market conditions? Or is it simply an emotional reaction to the selloff?
Let’s turn to one of your letters for some answers:
“Short-term I can understand your premise on gold,” writes a somewhat reasonable reader.
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Defying Gold’s Slump
Gold has gained more than $30 over the weekend. In the early morning hours, the price of the yellow metal is at $1,425 and climbing. And the bets are on the table, Bloomberg reports:
Hedge Fund Gold Wagers Defy Worst Slump in 33 Years…
Undeterred by last week’s crash, some big names are getting back into gold. Nevermind the two-day, 13% drop. These guys want in on the action right now…
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