These Two Words Could Send Gold Soaring: Fiscal Cliff
Posted on November 14, 2012 at 08:30 AM EST
Since Obama entered office 2008, gold has been on an unbelievable tear. But will the momentum continue during the president’s second term? Let’s zoom out and see: Over the last five years, gold’s spot price has only two spots where it lost significant momentum. Once was during the 2008 financial crisis (where the term “sell everything” took on a whole new meaning) and once again earlier this year. Still, I wouldn’t put gold’s 2012 action [...] These Two Words Could Send Gold Soaring: Fiscal Cliff appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .