Still, even he says the price will be magnetically drawn higher until the records are firmly broken, although following that there may be a sharp pullback, he says.
The Amex Gold Bugs Index, which tracks a basket of miners such as Barrick Gold(ABX Quote) and Kinross Gold(KGC Quote), gave up early gains and closed down 1.8%. Barrick, Kinross, Hecla Mining (HL Quote) and Newmont Mining (NEM Quote) all fell.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,312.57 | 1,100.74 | 2,207.36 | 35.46 |
Oil *
73.54
|
|
UP
4.31
|
UP
4.67
|
UP
27.31
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
109.06
|
|
+0.04%
|
+0.43%
|
+1.25%
|
+1.69%
|
Data delayed 20 minutes |
