Recent Slump Might be the Ticket for Big Gains in Gold (GLD) (IAU) (GG) (ABX)
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Goldman Sachs Locks-In Gains from Gold Short (GLD)
April 23, 2013 8:23 AM EDTLess than two week's after making a prescient call to short gold, Goldman Sachs is locking in those gains following the vicious recent slide in the precious metal.
Goldman said it... More
Gold Equities (GDX) Predicting a Rally in Gold Prices (GLD) - Nomura
April 18, 2013 8:58 AM EDTStrategists at Nomura said based on the price of gold equities, the market is anticipating a rally in the price of gold.
Tyler Broda explains: "We chart weekly P/NPVs for the gold equities using a 5% discount rate and the spot gold price. The multiples have expanded since last week and both Randgold and Polymetal are now... More
Amid Sharp Two-Day Drop, Traders See Rebound in Gold Over Next Month (GLD)
April 15, 2013 2:54 PM EDTGold is having a tough day, dropping over $140 per ounce in New York. Reports have the move as the largest one-day drop in the precious metal since 1983 and the worst two-day drop... More
Gold & Other Commodities Plunge as Panic Runs Wild
April 15, 2013 11:34 AM EDTLast Friday Citi put out a very bearish note on commodities, saying the 'death bell' rings for the commodity supercycle. The report coincided with a technical breakdown in gold. Taken together with lingering concerns about tighter Fed monetary policy, the news sent gold prices below $1500 per ounce. That's where the story began.
This morning Citi followed up the note with a downgrade of copper name Freeport-McMoRan... More
