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Gold-Prices.biz: Portfolio Update 23 January 2009 Posted: 22 Jan 2009 06:22 PM PST
A quick look at the gold bugs index chart and we can see that gold stocks are trending higher and have gained 100 points over the last few months. The danger still exists that the DOW could close below 8000 and stay there, which according to some analysts signals a further fall to 6000. If this happens then once again we could be caught in the crossfire as the precious metals go out with the bath water. Hopefully the effect of having a new president will generate a rally in the markets at least for the next few months. We still need the de-leveraging to come to an end and the US Dollar to u-turn to in order to get some impetus into the precious metals sector (more…) Related on Gold Prices: Also See: |
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