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 | |
|---|---|---|---|---|
| 10,406.96 | 1,109.30 | 2,197.85 | 33.31 |
Oil *
78.75
|
|
UP
136.49
|
UP
15.82
|
UP
29.97
|
DOWN
0.98
|
10 Yr
3.33%
SPDR Gold
111.63
|
|
+1.33%
|
+1.45%
|
+1.38%
|
-2.86%
|
Data delayed 20 minutes |
