Midday movers: Barrick Gold, Sprint, Citigroup
Stocks are lower at midday as gold slumps for a second straight session.
Gold is off BIG TIME!
I understand gold as a hedge against inflation, but gold ahs moved up 300 percent during a period of cumulative inflation of maybe 25%. Seems way way overdone, and the markets agree. The gold pushers have pushed fear. Sure, in my opinion we will have inflation due to the feds policies, but gold has moved AHEAD of the inflation. What sense does it now make to buy gold AFTER the horse is out of the barn. The market thinks NONE. Gold has moved on speculation, just one more bubble. And the gold pushers are happy to profit on people's fear and to create the bubble. Think 1980.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Ukraine crisis festers and other fresh concerns boil to the surface, knocking down markets and giving volatility some life.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.