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Precious metals see a bout of major buying, with gold (GLD +1.5%) jumping about $25/ounce in the...

Jun. 28, 2013 10:48 AM ETGLD, IAU, SLV, DBP, DBS, DGL, DGP, DZZ, DGZ, USV, UBG, UGL, GLL, AGQ, ZSL, SGOL, SIVR, PHYS, PSLV, AGOL, UGLDF, DGLDF, USLVF, DSLVF, GLDI, SLVO, PHYS:CA, PSLV:CABy: Stephen Alpher, SA News Editor39 Comments
Precious metals see a bout of major buying, with gold (GLD +1.5%) jumping about $25/ounce in the past few minutes, and silver (SLV +4.8%) soaring nearly a $1. Bearish for some time, Mark Dow reminds gold has been going down for 2 years, but the decline has only recently made the headlines. Gold's post-QE run was built on a number of misconceptions which have all cracked. The longs (silver too) are trapped and the bear market isn't close to over.
 

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