Bear Market or Bull Opportunity?
May 16, 2012 by Gold Editor
SOURCE: [Gold Investing News] - Bears have had a number of reasons to stand tall lately since many recent developments that should have been bullish for gold haven’t been. But, even as prices have continued to fall, there are those who suggest that while bears may believe they are taking control, smart investors should be taking advantage of the opportunities.
Given the heightened levels of uncertainty and threat of turmoil in the Eurozone, gold should be raking in bundles of safe haven cash, but that isn’t happening. Instead, safety seekers are flocking to the dollar even as the US fails to harness its spending and its economic data loses some of the shine that was seen in the first quarter.
Followers of the market are well aware that gold had become addicted to loose monetary policy.