Marder on Markets
June 1, 2011, 12:01 a.m. EDT
Gold is the only place for new money in June
Commentary: The fundamentals and the technicals align for gold now
By Kevin Marder
“Gold and silver are money. Everything else is credit.” — J.P. Morgan
LOS ANGELES (MarketWatch) — You can count the number of aggressive growth names that appear technically attractive enough to us to warrant entry at current levels on one hand — and still have a few fingers left over.
For this reason, and in light of the averages being ensconced in intermediate-term downtrends, we would go easy on new commitments, at least for the moment. This could change shortly, and, as always, we remain flexible and will allow the market to tell its own story.
However, for participants who absolutely need to put some funds to work right away and hold the position(s) for the month of June, we like SPDR Gold Trust for two reasons, one fundamental and one technical.
Full story: http://www.marketwatch.com/story/gold-is-the-only-place-for-new-money-in-june-2011-06-01
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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