How to Play Gold Now

Today, Goldman Sachs reduced its target price on gold for this year and for 2014. The company believes a sharp price rebound is unlikely, and advocated a short position in the yellow metal.

Whether or not you agree with this call depends on your time horizon. In the long run, Goldman may be right. However, in a shorter time horizon, I think we'll see higher prices -- not just for gold, but other metals as well. In fact, I'm using today's Goldman-inspired dip in metals prices to cover my iShares Silver Trust (SLV) short. There are several factors working in favor of metals prices in the near term, and one of these is the U.S. dollar....372 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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