The Rise and Rise of Gold – Graphic of the Day
With lots of investors bailing out of the stock market, gold continues to rise. Known as a “fear investment,”today’s graphic charts gold prices since the 1970s. Gold vaulted above $1,700 an ounce for the first time on Monday. [Click graphic to enlarge]
Update: In this Reuters Insider video below, Prop trader Gil Morales, co-founder of “Virtue of Selfish Investing,” discusses how to spot the end of the upward gold trend and how to get into an existing trend in these volatile markets.