Will Gold Continue To Rally? Or To Slow?

 Is Gold really about to go down? According to the following article, even though George Soros has been warning about an imminent Gold 'bubble', the hedge fund he used to run, has still been buying gold. At the same time, the U.S. dollar fell to new lows Friday in world markets. Both views are still viable
    . . . June


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 Gold Rally Ready To Slow?
Focus on Funds - Barrons.com: "By Murray Coleman

It seems that as George Soros has been warning about the “ultimate bubble” forming in gold, the hedge fund he used to run has been big buyers of the yellow metal, according to a Reuters report.

Of course, Soros is no longer active in the daily operations of Soros Fund Managment. But warnings about a bubble in gold are likely to continue this month from other corners.

At the same time, the U.S. dollar fell to new lows Friday in world markets and expectations of more quantitative easing are in the air. That has led a chorus of analysts to support the notion that gold’s rally still has legs.

In fact, some don’t believe gold will approach bubble status until it’s closer to $5,200 an ounce.

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