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Gold: Don't buy the sucker's rally
They say all that glitters...you know the rest. Gold prices shot up more than 3% on Thursday, the biggest one day gain since September 2013. Prices were up slightly again Friday, with futures trading at about $1,316 an ounce. So far this month, gold prices have risen nearly 6%. While gold bugs have regained some swagger, analysts don't expect the metal to break out of the funk it's been in for the past year. The recent jump in gold prices comes as turmoil in Iraq has put some investors on edge. Gold and other so-called "hard" assets often find favor in times of political and economic uncertainty. Meanwhile, Russian ... (full story)
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