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Gold: The Right Trade
Nov 3rd, 2009 14:18 by RS

November 3, 2009 NEW YORK (TheStreet) -

RealMoney technician Dan Fitzpatrick says the gold trade is overcrowded but investors should be buying anyway — because in some cases the “crowd” is getting it right!

He says he finds it “very easy” to simply HOLD gold rather than trying to TRADE it through some of its unpredictable movements.

Despite pointing toward the gold ETFs for rank and file investors, Dan expresses an appreciation of the physical aspect of gold over the weakening dollar and subsequently affirms that he personally goes for physical gold coins for his own investment preferences.

R.





Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss; JL - Jeffrey Lee. [see also 10 yrs of Discussion Archives]


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