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Gold's off its intraday lows - now -1.4% to $1,350.80 - and while that's just a little below 6%...

Thursday, January 20, 2011, 12:53 PM ET
Gold's off its intraday lows - now -1.4% to $1,350.80 - and while that's just a little below 6% off of December's peak, many contrarians are likely buying today's dip on the view it's a mere pause in a long bull run. Also in metals: silver -4%, platinum -0.9%.

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This news story has 2 comments:

woollyB Comments (1019)

I knew this link was going to be a Hulbert article. No matter what gold does from here, it's hardly "contrarian" to keep buying post-peak, when everyone in the world is sold on gold's long term bull run. Hulbert focuses on sentiment analysis from a contrarian perspective, yet time and again he fails to realize when he's engaging in the same type of rationalizations that everyone else is engaging in. It was "contrarian" to buy gold in 2001. It is not "contrarian," even if it's ultimately correct, to buy gold on a 6% pullback in 2011.

20 Jan 2011, 01:27 PM Reply Like

youngman442002 Comments (5024)

Its smart to buy gold and silver today...I don´t care what you call it....as long as they are printing.....buy it...

20 Jan 2011, 02:11 PM Reply Like

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