Good Reasons to Remain Bullish on the Gold Price
May 10, 2010 at 14:50 PM EDT
10% rally since February… Gold bullion is at a new high for the year, and has rallied more than 10% since February. Yet it has not attracted the excitement among investors and the media that these rallies usually generate. That may be an indication it has further to go on the upside, since excessive excitement about a gold rally is usually seen before its rally ends. Gold certainly seems to have a lot going for it right now. For instance, it has a history of attracting buyers in times of uncertainties in currency and credit markets, acting as a so-called safe haven. The growing worries about the debt crisis in Greece, which saw its credit rating downgraded to junk status last week, certainly qualifies …