Buying Gold | Commodities tomorrow: <b>Gold</b> safe haven <b>buying</b> - CNBC | News2Gold |
Commodities tomorrow: <b>Gold</b> safe haven <b>buying</b> - CNBC Posted: 05 May 2014 01:00 PM PDT Cramer worries about e-commerce plays | Fri 09 May 14 | 06:25 PM Break-ups can unlock tremendous value: Cramer | Fri 09 May 14 | 06:15 PM All in for value next week: Cramer | Fri 09 May 14 | 06:00 PM Options Action Web Extra: Selling Whole Foods puts | Fri 09 May 14 | 05:59 PM The Final Call: Reduce exposure of consumer staples | Fri 09 May 14 | 05:58 PM Tesla's electric slide | Fri 09 May 14 | 05:53 PM Why Twitter could follow Facebook higher | Fri 09 May 14 | 05:45 PM Danger in so-called safety stocks? | Fri 09 May 14 | 05:37 PM Tech deals heat up | Fri 09 May 14 | 05:34 PM Fast Money Final Trade: UA, SPWR, GLD, SYMC | Fri 09 May 14 | 05:26 PM Stock Pops & Drops: FUEL, RSH, TUMI, NFLX | Fri 09 May 14 | 05:22 PM Apple is desperate and clueless: Pro | Fri 09 May 14 | 05:05 PM Allergan deal nets Ackman nearly $1 billion | Fri 09 May 14 | 05:00 PM Apple really buying Iovine & Dre? | Fri 09 May 14 | 05:00 PM Pres. Obama tackling wrong issue at Wal-Mart? | Fri 09 May 14 | 04:48 PM CNBC.com hot list: Richest zip code in US | Fri 09 May 14 | 04:44 PM Creation of 'insta-billionaires'? | Fri 09 May 14 | 04:36 PM Dow sets new record heading into weekend | Fri 09 May 14 | 04:30 PM What Timothy Geithner really thinks | Fri 09 May 14 | 04:24 PM Too hard to get a mortgage? | Fri 09 May 14 | 04:15 PM Rick Harrison: Old staples of a pawn shop | Fri 09 May 14 | 04:05 PM Small bubble happening: 'Pawn Star' Rick Harrison | Fri 09 May 14 | 04:01 PM Silicon Valley favorites | Fri 09 May 14 | 04:00 PM Healthy rotation: Pro | Fri 09 May 14 | 03:52 PM Getting a job after a career break | Fri 09 May 14 | 03:39 PM The Week That Was: Target CEO booted | Fri 09 May 14 | 03:38 PM Retailers have their earnings say | Fri 09 May 14 | 03:30 PM Apple-Beats 'huge culture clash': Strategist | Fri 09 May 14 | 03:30 PM Beats could be biggest Apple buy | Fri 09 May 14 | 03:26 PM NBA names Dick Parsons interim LA Clippers CEO | Fri 09 May 14 | 03:21 PM |
Why this top technician recommends <b>buying gold</b> now - CNBC.com Posted: 24 Mar 2014 09:53 AM PDT Gold suffered another tough session Monday, dropping nearly 2 percent following a bad week. But one of the most respected technical analysts on Wall Street says it's high time to buy in. Indeed, Sterne Agee chief market technician Carter Worth predicts that gold will rise about 15 percent from current levels. After a painful 2013, bullion was finally finding some strength in the beginning of 2014. The key, for Worth, was that the metal was able to turn around a grim trend. "When you're cascading, you make a low and then you violate it. And make a low, and then violate it. Make a low, and then violate it. Low after low," Worth said Friday on CNBC's "Options Action." "But then, we have this massive low in June, as everyone knows, and again, we have a rally. But this time, we don't violate. So we have a well-defined double bottom." |
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