Assessing Gold's Roller Coaster Ride

Can we conclude anything from Wednesday and Thursday's big rally in gold and gold miners on the Federal Reserve's decision not to taper stimulus? What can we determine, moreover, from the subsequent punishment dished out to the metal and to the mining sector Friday?

Well, we can't conclude much. I think the big move up pretty much represented surprise and short-covering when the Fed didn't deliver a new reason for the price of gold to fall again. As for the selloff Friday, the move looks to me like profit-taking ahead of a weekend....456 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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