Gold Above $500; Will It Correct Soon? (ETFs: GLD, IAU)

Todd Stein & Steven McIntyre (Texas Hedge Report) submit: It finally happened. Gold has closed above the $500 level for the first time since 1987. The yellow metal is clearly in phase II of its bull market as it is slowly being accepted by investors as a legitimate asset class. Other signs that gold has moved out of phase I is that those who invest in the metal are no longer labeled as “cranks

Comments

[daveowenevans:]

Thank you, I've been searching for a well thought out and balanced article on Gold for while now.

2005 Dec 05 09:10 AM