What About Gold?
Is it time to buy Gold? Bill Baruch still says yes. You can hear from him here: http://finance.yahoo.com/blogs/breakout/gold-fed-mercy-160028664.html. Gold is a very weird place right now. Just a hint of QE ending in 2013 pushed gold down significantly. The question becomes is this a buying opportunity or is it time to get out of this trade. The Fed and Ben Bernanke have printed so much money and now they are even talking about minting a $1 trillion coin to give to the Treasury, but gold has been flat or down over the last year or so. Is gold really a currency or is it just a shiny metal? I guess only time will tell.