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Gold Jumps to Test $5,000 on Tuesday
The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one. The gold market has broken quite a bit higher during the trading session here on Tuesday and it now threatens to break above the $5,000 level. The market is doing exactly what I would not want to see it do. You do not want to see a massive meltdown, a wild day and then a massive turnaround. While that does look strong, what it shows is a lot of instability. Instability breeds more chaos, the more chaos out there in the markets, the more likely it is ... (full story)
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