Friday, December 16, 2016

"Gold Notches Sixth Straight Week Of Losses"

$1136.10 up $6.30.
From Barron's Focus on Funds:
Gold regained some ground Friday after falling to February lows yesterday, but it’s still down for the week, its sixth straight weekly loss.

Gold for December delivery is up $7.50 or 0.7% today, but lost $24.10 per troy ounce, or 2.08%, to $1135.30 this week.

Although some argue that gold stocks aren’t oversold yet,  some bargain hunters appeared to reenter the market Friday, as the metal is down 3% since the start of the month. It’s down 12.9% in the last month and a half....MORE
Also at Focus on Funds:
Are Gold Stocks Oversold Yet?

Compare/contrast the gold chart with the Van Eck Junior Gold Miner ETF: