Sunday, February 24, 2013

UPDATED--Forecast For the Week: Gold Up, Equities Down

That's it, nothing fancy.
Okay a bit of fancy: S&P down 1% by Thursday (sub-1500), gold up 2%, over $1600 by Tuesday.
It's all about the media hype on the sequester.
S&P Friday close: 1515.60; Kitco Friday spot close $1581.50.

Fund Managers’ Short Gold Bets Hit Record: DJ