Gold is primed for a breakout. Just a stone's throw away from a record level, gold prices may be ready to break free from the trading range they've been stuck in for months.
"Concerns about overall global economic health have kept gold in a pretty tight trading range, but this is typical just before some type of breakout, up or down," said Nathan Rowader, portfolio manager of the Forward Commodity Long/Short Strategy Fund. "Right now, the weight of the evidence points toward higher prices." ...
"Concerns about overall global economic health have kept gold in a pretty tight trading range, but this is typical just before some type of breakout, up or down," said Nathan Rowader, portfolio manager of the Forward Commodity Long/Short Strategy Fund. "Right now, the weight of the evidence points toward higher prices." ...
Gold's "return to near $1,800 is a sign that some rationality has returned to the market," said Dawn Bennett, portfolio manager of the Bennett Group of Funds. ...
Bennett doesn't believe the runup from the $1,500 level is purely a response to the U.S. Federal Reserve's third round of quantitative easing.
"We view the broader picture as the reason to invest in gold," she said, emphasizing that she's not discounting the effect QE has on gold.
Bennett doesn't believe the runup from the $1,500 level is purely a response to the U.S. Federal Reserve's third round of quantitative easing.
"We view the broader picture as the reason to invest in gold," she said, emphasizing that she's not discounting the effect QE has on gold.
"In 2013, the developed world is going to have to deal with its massive debt problems and policies that have spent the last few years devaluing local currencies," she said. "As this happens, gold will be one of few havens available to investors looking to protect their wealth."
More information can be found online at http://www.goldbullionadvisors.com
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