Tuesday, January 25, 2011

$GLD Down 6% for Year

Gold at three month lowsI have said that a 2011 theme will be investors fleeing $GLD and bonds and buying equities.

Gold is down 6% for the year.

Gold doesn't make or produce anything. You don't receive growth or dividends.

But it does make pretty jewelry.

I believe gold has been in a bubble.

If you read the CNBC article, you will see that the consensus opinion is that gold will average $1450 in 2011. We shall see.

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