Gold, Commodities Holding Up Well During Selloff
Source: Seeking Alpha (7/30/07)
Despite histrionic warnings from some quarters, gold traded off less than 5% during the downturn, while most broad-based commodity futures funds are flat.
In February, those two markets got crushed as the fast-money deleveraged out of what were considered "risky, high-profile" assets. That was unusual, as gold and commodities are traditionally safe havens during market downturns. There have been rumors that fast money moved out of commodities and into stocks during the recent market upturn, and those appear to be true.