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Friday, April 12, 2013

Black Swan [April 12, 2013]

Black Swan [April 12, 2013]

Hedge against the breadth of sell,
sell-off, will, expectation that meteoric
may be coming to an end of gains,
relentless selling, gold, for the first time
since the market.

“While gold is often used as a hedge against inflation the breadth of the recent sell sell-off will underline some expectations that gold's meteoric rally may be coming to an end after 12 years of gains.
The relentless selling sent gold below $1,500 an ounce for the first time since July 2011, and put the market on track for its worst weekly performance since December 2011.
—Svea Herbst-Bayliss and Matthew Goldstein, Reuters, BOSTON/NEW YORK | Fri Apr 12, 2013 6:35pm EDT

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