Gold Holds Above $900, But Bull Looks Sluggish
January 15, 2008
Gold Holds Solid, But Big Players Cautious
Gold made another little run this morning up to about $916, then backed off to $910 as of this posting. Though ETF's are growing leaps and bounds, larger investment players are behaving very cautiously on long term gold, keeping the market from breaking out further for the moment.
Let's just say the Bull is resting a bit before contemplating another run, while the Bear watches carefully from the wayside.
Whenever the large investment firms back off, the little investor should mind the cue. Don't be caught out there with large holdings in gold when the market turns.
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