RE: RE: RE: Fun with Gold !!! Maybe not ???..mike
Whether or not gold soars next year is yet to be determined. Let's not forget analysts were calling for $1500 oz gold or higher long before this most recent set back and expected gold to already be there by now.
If it proves anything, it's that the vast majority of analysts follow the crowd.
Fundamentally, the market says buy.
But until that is proven in the charts it tells me that ...
Technically, it's a barely a hold.
And until HGU or any other gold stock or ETF stops mirroring the day-to-day ups and downs of the market and starts acting on its own merits, it's just tying up money that can be put to better use eslewhere.
Just my opinion.
SR