Mark Leibovit, editor of VR Gold Newsletter, said he favors gold, in part based on the calendar.
FORBES: Major Of Survey Participant See Gold Rising Next Week
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FORBES: Seasonality And Sentiment Among The Many Reasons To Doubt This Rally
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Fear not, says Scott Nystrom, a former staffer at the Congressional Budget Office who became a professional investor and is now editor of the Gold Stock Strategist newsletter.
"The good news for the price of gold is that even though the safe-haven appeal for gold has hit a plateau for now, future inflation fear is building as investors believe the U.S. and global economies have bottomed, " says Scott Nystrom, editor of the Gold Stock Strategist newsletter.
Nystrom recommends several gold miners in his newsletter, grouping them by their risk characteristics.
According to the ETFChannel Weekly Newsletter, the Junior Gold Miners ETF ( GDXJ) outperformed other ETFs this week, up 11.8%.
FORBES: Banner Week For Junior Gold Miners And Regional Banks, Bad One For Biotech ETFs
In an interview on CNBC Wednesday, widely followed newsletter writer Dennis Gartman said gold is not a safe-haven investment asset because its price is too volatile on a daily basis.
FORBES: Comex Gold Soars to New Record-High on Strong Safe-Haven Investment Demand
Mainstream newsletter editors who had hopped on the gold bandwagon this year, such as Richard Band of Profitable Investing, agree that gold shares are overbought and due to experience a selloff.
Newsletter writer Dennis Gartman said he expects European gold purchases to increase.
FORBES: FOCUS: European Gold Demand Firm, But Hasn't Seen A Sharp Rise On Cyprus Worries
Ken Morrison, founder and editor of online newsletter, Morrison on the Markets, said since 2009, gold prices have never closed down seven days in a row.
With this potential for liquidation, investor and newsletter writer Dennis Gartman said early Friday that he was exiting half of his gold position.
FORBES: Analysts Look For More Gains In Gold, Although Some Wary Of Correction
Ken Morrison, editor and founder of online newsletter Morrison on the Markets, said while the debt ceiling talks are going on gold is unlikely to sell off.
FORBES: METALS OUTLOOK: Nervousness Regarding Global Economy To Support Gold Next Week
Ken Morrison, editor and founder of online newsletter Morrison on the Markets, said that across commodities, the increase in speculative bullish positions in gold was the most aggressive.
FORBES: FOCUS: Speculators Take Big Long Positions In Gold - CFTC
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