http://gold-stater.com is now providing daily gold market and gold coin market commentary and updates. Please check in regularly to find the latest developments in gold and gold coins.
Wednesday, December 26, 2012
5 reasons why the gold bull is alive and healthy:
1 Bloomberg: Gold, [enjoying] its longest winning streak in at least nine decades, is poised to enter a bear market..."
Interactive Investor: "Is gold's bull market over? Market commentators [are] citing a
tumultuous economic environment. Others say it has simply been
over-bought, and as with each bull market, inevitably reach[ed] a point
3)MARKETWATCH: "Gold bugs are finally throwing in the towel. Over the last two weeks
[they] have become even more discouraged than they were at the end of
November. And that’s saying something..."
4) CNBC : Even Gold Bull Jim Rogers Is Turning Cautious
Published: Wednesday, 19 Dec 2012 | 2:16 AM ET
(PS Jim Rogers is very bullish on gold.)
5) FORBES: Gold's Decade-Long Bull Run Is Dead, Gartman Says
(Image credit: AFP via @daylife)
Bernanke delivered the fatal blow to gold’s ten year bull market,
according to Dennis Gartman. Gold has been in bear territory since the
summer of 2011, when it topped out above $1,900 an ounce, with the
latest post-FOMC sell-off inflicting irreparable technical damage, he
says. UBS’ Edel
Tully adds that markets’ no-QE-for-now realization will push gold even
lower, probably down to $1,550 an ounce over the next month.