How Low Can Gold ETFs Go?

The year 2011 is without a doubt going down in the books as one of the most tumultuous periods in recent financial history, with everything from natural disasters to looming debt drama sparking waves of uncertainty throughout the year. Despite its safe haven reputation, even gold fell victim to volatile trading; the precious metal has endured wild swings leading up to its high of $1,923 an ounce (9/6/2011), only to give into rampant, unprecedented profit-taking pressures in the days following. Although the final stretch of the year was riddled with roadblocks for gold, the precious metal still came out on top amongst major asset classes, clinching gains of 10% during an unforgiving 2011 [see Special Report: Gold ETFs In Focus]. Recent selling pressures in the futures market have spawned numerous opportunities; with some investors taking bets that the yellow metal will continue to lose its luster, while others are taking [...] Click here to read the original article on ETFdb.com. Related Posts: Ten New Year’s Resolutions For ETF Investors Daily ETF Roundup: XHB Soars On Housing Data, GLD Continues To Sink Daily ETF Roundup: VXX Soars On Euro Jitters, GLD Sinks With Stocks ETF Insider: Slick Picks For Year End Bulls Daily ETF Roundup: XLF Jumps On U.S. Data, GLD Slumps On Profit Taking