"For virtually the first time this cycle, buying gold is a contrarian trade," says Kamal Naqvi...

|By:, SA News Editor

"For virtually the first time this cycle, buying gold is a contrarian trade," says Kamal Naqvi from Credit Suisse of the low sentiment in the market. Gold hit a 10-week low of $1,628/oz. yesterday as, quite frankly, it's a lot easier to buy Apple. The metal is recouping a bit this morning, +0.4% to $1,690.