Time to Buy Gold?


"Money printing and stimulus measures by global central banks I feel are likely to keep a floor under gold prices as faith in fiat continues to dwindle."

Gold futures have been trending lower in recent weeks after failing to breach the heavy band of overhead resistance from $1,790/ounce (oz) to $1,800/oz. Gold put in a swing low of $1,698.70/oz during Wednesday's session.

Now, I do not think that fundamentally anything has changed. What we have seen recently is a general period of "risk-off" trade, which has affected everything from the equities markets to gold to grains.

And as I have stated, this should come as no surprise. After all, we are looking at a very tight presidential election, we have the "fiscal cliff" issue to deal with and earnings have largely been a disappointment at this point. . .View Full Article

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