Roubini Forecasts 30% Drop For Gold Prices
Dr. Doom is back in the news, this time predicting the end of the gold bubble. While this claim may seem outlandish to some, analysts are hard pressed to ignore Nouriel Roubini, after his prediction of the 2008 financial crisis fell on deaf ears. The chairman of Roubini Global Economics and a professor at NYU Stern School of Business, Roubini has always had strong opinions on gold and the precious metals space ,and his newest sentiment for the metal is likely to cause many to reconsider their holdings [for more precious metal news and analysis subscribe to our free newsletter].
2013 Commodity Trades You Wish You Made
The phrase “hindsight is always 20/20″ is most applicable to investors. There are numerous occasions when traders wish they would have followed their gut or executed a specific position, especially looking back on the gains that certain assets have made. It is relatively easy to make a bold call on a specific asset, but it is much more difficult to follow through with the trade and exit the position at the proper moment. With 2013 already being a wild year in the commodity world, we take a look back at some of the most fruitful trades throughout the industry thus far [for more commodity news and analysis subscribe to our free newsletter].
3 Ways To Bet Against Gold
Gold prices have been struggling over the past coupe of months as equities have picked up steam and set their sights on historic highs. As such, many investors have moved out of gold and into equities, looking to cash in on the currently bull market. This trend can be easily demonstrated by the SPDR Gold Trust (GLD), which holds physical gold bullion. The fund has lost more than $4.7 billion in assets in 2013, though it still remains the second largest ETF in the world [for more gold news and analysis subscribe to our free newsletter].
