Jan 16 2012
Guidant Response: Gold Entering a Bear Market
News Brief By: Allen G. Yee
Gold has historically been viewed as a safe haven during uncertain economic times; will it be different this time? Despite the debt issues in Europe and the sustainability of the US and Chinese economy gold is off its recent highs. However, could it be a worthwhile asset to own and hold particularly as the economic and debt issues will not abate soon? The answer really depends on an individual’s circumstance such as risk tolerance, time horizon, economic/market view, etc.
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Gold is nearing bear market territory even as economic fear persists. 4 reasons why gold has lost its luster
By Nin-Hai Tseng, writer-reporter
Gold prices are nearing bear market territory, and yet the global economic fear that drove many investors to the metal remains. What gives?
FORTUNE – For the 11th year in a row, gold prices have rallied, making this one of the longest winning streaks for the yellow metal. And for most of 2011, it seemed like nothing could stop prices from climbing — gold prices peaked in September at more than $1,900 an ounce.
But in recent months, many high-profile investors have sold their positions, suggesting that gold’s glory days could be coming to an end.
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