Gold (ETF: GLD) has not played the role of safe haven during the recent downturn, with gold...

|By:, SA News Editor

Gold (ETF: GLD) has not played the role of safe haven during the recent downturn, with gold futures recently -1.2% to $1,174 after striking $1,166 overnight. Measured by gold prices, the Dow peaked in the late '90s and has been in a well-defined down channel ever since.