NEW YORK ( TheStreet) -- Gold bulls received a long-awaited reprieve Friday from falling prices in gold-related stocks. Volatility after the moves gold has experienced lately are expected, and some say welcomed compared to the stock market. Just be careful not to confuse a bear market rally with a bull market. We can look at where we are now and where we are headed to know why gold prices are not headed back to $1,800-plus any time soon.Market Vectors Gold Miners ETF GDX (GDX) closed near the 60-day moving average at $46.58 up 6.5%; gold-price-tracking ETF GLD (GLD) jumped over 4% to close at $157.50. GLD highs of the day came just short of the 60-day moving average, the near-term technical resistance level.
Buying Gold Now Is a Sucker's Bet
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