Leaning Toward Higher Gold
In August of 2011, the gold market was in the middle of the most dramatic metals rally in history. But August 2012 has been nothing short of a snoozer.
Prices have hovered within a range of about $100 range for much of the year as traders debate the next move by the Federal Reserve, the efficiency of gold as a risk management tool and its performance in regard to inflation. Some of the traditional schools of thought have been challenged in recent months. For instance, the 150 point drop in the S&P throughout May and June was met with bearish-to-neutral trade in the one market traders were betting would see gains in the face of uncertainty. ...377 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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