by Greg Guenthner, Daily Reckoning.com.au:
There are three facts about gold you need to know right now…
Fact No. 1: Since dipping below $1,200 six weeks ago, gold futures have jumped higher by nearly $130.
Fact No. 2: Beaten down mining stocks have actually outperformed gold over the past six weeks. The widely followed Market Vectors Gold Miners ETF has jumped more than 8% since the end of June.
You might find these first two facts exciting. A potential gold comeback could mean a new trade—or even new life for an old position you had left for dead.
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