Hedging with gold miners
18 majors plus 10 ETFs
In the last period of sharply rising prices (the late 1970s), gold shot from $100 to $850. This gold bull began at $250 nine years ago, and gold bugs such as hedge funds manager John Paulson believes it may peak well above $2,125 an ounce before this one's over.
Last Thursday the gold price plummeted $50 as mounting debt worries out of Portugal, Ireland, Greece and Spain (PIGS countries) and boosted the dollar to a multi-month high. Is it still a good time to jump on the bandwagon?
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