Wednesday, December 1, 2010

Gold, Silver and the Fear Factor - CNBC

Gold [GCC1  1388.4    3.40  (+0.25%)   ] and silver [SIC1  28.455    0.27  (+0.96%)   ]continue to confound the naysayers, moving higher along with the U.S. dollar as investors flock to so-called safe haven investments.

Gold Bars
AP


Taking the pulse of the market, the overriding theme is fear of the crisis in Europe—here is some of the commentary:
Citing concerns about sovereign risk in Europe and the stand-off in Korea, Rohit Savant, Sr. Commodity Analyst at CPM Group says investors are buying "gold, silver, platinum in that order". And while there might be some profit taking into a rally, he says investors see sell-offs as buying opportunities.


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Gold, Silver and the Fear Factor - CNBC