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Wednesday, 01/06/2016 3:32:18 PM

Wednesday, January 06, 2016 3:32:18 PM

Post# of 2315
Gold climbs to highest level in two months

Add together geopolitical concerns, falling stock prices, crumbling oil, and the idea the Fed may have gotten it wrong when it tightened monetary policy last month, and gold gets off to a big start to the year.In fact, since the Fed hiked in mid-December, the three best-performing asset classes are the VIX (NYSEARCA:VXX), the gold miners (NYSEARCA:GDX), and gold (NYSEARCA:GLD). After that are utilities (NYSEARCA:XLU) and long-dated Treasurys. Go figure.Today's 1.35% gain in gold has the metal up about 3% in 2016, and at $1,093 per ounce, its highest price since early November.

source http://seekingalpha.com/