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Walter Kurtz from the financial blog Sober Look warns that gold bugs need to discount talk of...

Dec. 15, 2011 12:19 PM ETGLD, IAU, GDX, DGL, DZZ, DGZ, UBG, UGL, GLL, SGOL, GDXJ, PHYS, PHYS:CABy: Clark Schultz, SA News Editor2 Comments
Walter Kurtz from the financial blog Sober Look warns that gold bugs need to discount talk of the metal's decline due to a technical glitch and follow China's economy closely. To make his case, he overlays a chart of gold futures with the Shanghai Composite index to find they align neatly. "Should Asian economies begin to struggle, it is possible that gold will follow."

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