Wednesday, December 2, 2009

why gold up and oil flat/down

Commodities go up because paper money lost its appeal. The reason of Gold moving up faster than oil and other commodities is that gold is easy to store. Investors can physically take gold but not oil. Oil is reflective more about economic foundamentals than Gold. In this easy money environment, gold is a better bet than oil. But as I mentioned yesterday, a top is forming for gold andyou want to slowly to take profit. Usually, stocks will stop moving up before gold itself.

Will take some profit today on INTC. Sell 200 INTC @19.85

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