Friday, January 3, 2014

Gold climbs to 2-week high as risk aversion dampens stocks - Yahoo Finance

Gold climbs to 2-week high as risk aversion dampens stocks - Yahoo Finance

This is an interesting article about gold rising because stocks fell more than 135 points on the Dow on January 2, 2014.  Gold is still considered a safe haven by some people and institutions.  The article also said that Chinese gold buying helped the gold rally.  If you are able to buy a gold stock like Golden Star Resources (GSS) at the company's  low, you can sell the stock on gold rallies for 10% or more. It remains to be seen whether gold will continue to rise or if it will continue to make bounces off the bottom intermittently.  A 10% bounce cycle would be worth trading several times each year, and this scenario may happen in a more volatile 2014.

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