The Phaserl


4 reasons gold is poised for a comeback

by Jeff Reeves, MarketWatch:

Gold has fallen off a cliff in the last year, going from highs of nearly $1,790 in October 2012 to about $1,280 currently — a drop of about 28%.

But judging by recent trends, it’s possible that gold has found a floor and that now is a decent time to buy.

Admittedly, there are still some big challenges for the precious metal — especially in the last week or so when prices have been steadily rolling back again. But even if investors are a bit early as they turn to gold, fears of overbought domestic stocks may make even an uncertain bet in gold a preferable alternative to some right now.

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