Gold prices, down 16 percent from a record in September, are headed into a bear market at $1,300 an ounce this year, according to technical analysis by Lance Roberts at Streettalk Advisors LLC.
Nancy Beigel has known since September that she would need hernia surgery. She couldn’t afford it on her $11,000 yearly income until she became eligible for Medicaid in January through President Barack Obama’s signature health care law.
Investors are too busy pushing stock prices to all-time highs to bother with gold, sending bullion’s price fluctuations to the lowest in almost 14 months.
Gold posted the biggest weekly gain since August as signs of a faltering recovery in the U.S. economy boosted demand for precious metals as a haven. Silver had the longest rally since March 2008.
"People want the dollar and not gold, and that has become pronounced as the Fed has ended the stimulus program."
- Lance Roberts on Nov 03, 2014
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