Where are the Gold Bugs?: Jon Nadler, senior analyst at Kitco.com, says that investors are holding onto their gold but trading riskier assets as markets improve.
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Q: In that case, tell us what to buy in the next six months.

Fred Hickey: Buy value, and protect yourself against the threat of the dollar's collapse and the return of inflation. I've been riding the gold wave for a decade, and the major secular bull market in gold isn't over. I'm twice as adamant now as in January about the need to own gold. I continue to like the mining companies. The GDX, or Market Vectors Gold Miners ETF [exchange-traded fund], is a diversified fund of some 30 mining stocks. I still like Agnico-Eagle Mines , and bullion, which you can own through the GLD, or SPDR Gold Shares ETF. My favorite gold miner is Yamana Gold . It is based in Canada but operates in Brazil, Mexico and Chile. It trades on the New York Stock Exchange. It rallied to 11 a share from 4, but is down from a year-ago peak of 19, even though the price of gold has recovered to almost $1,000 an ounce. The P/E is reasonable. The company has new mines coming on, and it is benefiting from lower costs.

Worried about inflation? If so, you must think the economy is actually too strong. But still, Cramer recommended Agnico-Eagle Mines (AEM), SDPR Gold Shares (GLD) or gold bullion for those in this camp.

Gold Won't Break $1,000: Carlos Sanchez, Associate Director of Research for CPM Group, argues that today's rally is technical buying and that overall gold prices will head lower.
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SPDR Gold Shares (GLD)

the dollar is getting shitter,that leads to higher price of gold and investors are panicking and buying gold now

inflation protection

inflation

Inflation Play

Gold Bulls in Peril: David Morgan, founder of Silver-Investor.com, reveals his doubts over whether the current silver and gold bull run can sustain itself in light of profit taking and weaker volume.
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David Einhorn bought stakes in Pfizer (PFE), Wyeth (WYE), Jones Apparel (JNY), Hess (HES) and Discover (DFS). He raised stakes in SPDR Gold Trust (GLD) and EMC (EMC). His largest holdings are GLD, EMC, URS Corp (URS) and MEMC Elec (WFR).

Going down?

Poor growth-long term investment

too volatile

Gold above $1000? Soon everyone will melt down all that is gold and flood the market. Also if the US economy recovers and the dollar strengthens, look for a precipitous drop in gold.

to high

seems to be only a hedge stock

a safe and delivery of bullion would be more fun

hedge