Attack Of The ETFS » financialsurfer.com

Attack Of The ETFS

October 2nd, 2009 | Category: Economy
Safe-haven seekers aren’t likely to be amused with gold’s recent dance around the psychologically significant $1,000 level. Unfortunately for them, the fourth quarter could be a volatile one for gold prices. With the dollar heavily influencing prices and speculative long-term positions at all-time highs, analysts say gold prices are particularly vulnerable to pullbacks if the dollar strengthens or liquidation occurs. On the plus side, pullbacks aren’t likely to devolve into pitfalls since…

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