Wednesday, March 11, 2009

Gold Begins to Rise Again

This is curious to me because if gold is rising, it is usually a sign of concern in the markets. The price has risen from $895 to $910/oz. With stocks sagging following yesterday's rally, I wonder if this is a sign that investors are fleeing to gold once again. Stocks should have been able to sustain a stronger rally today, and the fact that stocks are barely in the black doesn't auger well for extending the rally higher.