June 5, 2014

So Hows that Gold Investment Doin?

Not very well.

Its been about a year since I talked about gold.  In June 2013 I pointed out Another Big Drop in Gold.
Which was a bit after I asked Is Golds Run Finally Coming to an End?

Yeah I think the bull run of gold is officially over.    2013 was a bad year for gold with the prices dropping nearly 30% for the year.     2014 hasn't been very good either and so far gold spot prices are virtually flat.

Here's GLD versus SPY for the past 12 months:

(click for full size, source: Yahoo.com)

Not pretty for gold.


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