Brian Giesen
Gold up 6 Percent in Last Two Weeks (Reuters)
Even though gold has lost 20 percent of its value in 2013, the barbarous relic reached a five-week highs today based on investors’ faith in the U.S. Federal Reserve maintaining its stimulus program into the New Year. However, much of that five-week gain has occurred in the last two weeks, with gold rising 6 percent in that time alone. This mini-rally, if you will, has been fueled by weak U.S. data and budget battles in Washington — leaving investors to assume that the Fed will be unable to ease its stimulus program any time soon. According to Brian Lan, managing director of GoldSilver Pte Ltd., “We believe the tapering will definitely be delayed and that it’s positive for precious metals.” Do you agree with Lan enough to get back into gold yet?
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…