Heavy Profit Taking In Gold Has Investors Licking Their Wounds |
| December 19, 2012 | December 2012 Bond Updates |
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Gold has taken a beating since early October, falling more than $100 to lows not seen in more than three months. The yellow metal has suffered from a combination of intense profit taking, technical selling, and an improved stock market, which has zapped capital ahead of a possible fiscal cliff deal. Continued Fed easing should put a floor under prices, but bullion is already looking oversold, presenting a risky opportunity. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/12/19/bloodbath-in-gold-markets-amid-heavy-profit-taking-presents-risky-opportunity/ |
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