| Amid carnage in most markets, traders have found a safe haven again in Gold. Gold mining companies and the underlying commodity have been sharply outperforming the broader market as the recession drumbeat grows louder and worries about global banks and credit markets reemerge. As an example, SPDR Gold Shares, the flagship ETF that tracks gold bullion, is up nearly 13% year-to-date.
The move in gold is somewhat counter-intuitive - in a raising rate environment the dollar should strengthen thereby weakening gold. However, this has not been the case, which suggests speculators are betting on 'one and done' from Fed Chairman Janet Yellen...............................................Full Article: Source
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