A Summer Of Gold? - John Rothe | Portfolio Manager, Quant, Tech Geek, And Sometime Superhero To My Kids

A Summer Of Gold?

XAU continues to rise

Gold is still rising on talks of European bank bailouts, cuts in the Chinese interest rates, and the potential for QE3. All this potential “new” liquidity seems to be getting gold bugs excited – especially those who are worried about an inflation spike in the future.

Likely short term target is the 200 day moving average (SMA).

Disclaimer: I/my clients have a position in XAU and/or GDX and may add to that position in the near future.

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