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What's next for gold? After margin-requirement hikes drove a near-10% correction, maybe the hot...

What's next for gold? After margin-requirement hikes drove a near-10% correction, maybe the hot money's out and it's time to look at gold-related stocks like Newmont (NEM), Agnico-Eagle (AEM) and Goldcorp (GG). Things were so spicy that it took the slide this week to take out the two-day period where GLD passed SPY as the world's biggest ETF.
Comments (2)
  • Atkins
    , contributor
    Comments (1037) | Send Message
     
    As any commodities investor or trader well knows, commodities -- whether sugar or gold -- have the propensity to make momentous highs and precipitous lows. It's the nature of the beast. The hot money may well be out of gold, but I certainly would not be bearish on the commodity.
    29 Aug 2011, 10:52 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    I like the pullback. This is a pause that refreshes.
    29 Aug 2011, 12:31 PM Reply Like
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