All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
The metal is in danger of giving up all its gains since its mid-April low. Some talk has gold falling to $1,250 an ounce.
A proposed ETF anticipates the precious stones will become a recognized asset class.
| Tags: | GLDmetals and mining |
The bulls may still be winning, but some are now watching one out-of-favor market for bargains, and it looks like a bad idea technically.
A precious metals sell-off has lowered prices and lifted demand beyond production capabilities, which means new investors will have a tough time finding 'America the Beautiful.'
Moms and pops in developing markets see the world very differently than professional traders do.
| Tags: | $INXGLDminyanville |
The swift recovery of the precious metal has calmed the market somewhat, but the correction is not over yet.
Some operations in Africa, Asia and South America employ kids for as little as $2 a day. Yet policing the exploitation is difficult in the porous global metals market.
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