Total Pageviews

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..."

2) 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 of resistance..."

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

French torero Marco Leal performs a pass to a ...
(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.

No comments:

Post a Comment