Is Gold's Bullish Turn Sustainable? [SPDR Gold Trust (ETF), SPDR S&P 500 ETF Trust, ProShares Short S&P500 (ETF), iShares Barclays 20+ Yr Treas.Bond (ETF)] - Seeking Alpha
This is an interesting article about the recent rise of gold over stocks and treasuries. The author brought up the idea of gold being the "no place to hide" investment since treasuries have been going down in price and stocks have been limping lately. I agree that gold has come off the bottom, but nobody knows how far it can rise. I would be a buyer of gold and silver if they fall back to the breakout points of $1200 for gold and $20 for silver. Demand for precious metals will always be here, and buying at the bottom will always be profitable if you have enough time to wait for a rally like we just experienced.
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