Is Gold Getting "Bubbly"?
Gold surged higher on Monday, hitting $1,900 intra-day and closing just below that mark. In less than two months the yellow metal has rallied more than 26% amid concerns about the global economy and the possibility that the Federal Reserve may offer a new round of economic stimulus.
Gold investors couldn’t be happier as the metal is up 34% for 2011 and is heading for an eleventh straight annual gain, the longest winning streak since 1920. In 2011 gold has outperformed global equities, commodities and Treasuries.
After such a strong performance, many investors are wondering if the yellow metal is nearing a top.
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Is Gold Getting "Bubbly"?
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