Stay Ahead Of The Curve
This is a snippet of yesterday's commentary from the Casey Daily Dispatch.

It's fascinating that so many investors realize that gold matters, while many others try to knock it down. According to the naysayers, it's just a barbaric metal sought out by crazy gold bugs. Though this view has become less common, it's still present. And every time gold retreats, the media come out with article after article proclaiming the end of gold. With the price tipping over the $1,800 mark, the critics have been proven wrong again.

Just think about how important gold has become to the market. When I open up the Bloomberg website, I'm greeted by the prices of only a few indices and commodities: the DOW; S&P 500; Nasdaq; oil; the 10-year US Treasury note; and gold. The same is true of Morningstar, which lists the prices of gold, oil, and natural gas on the front page. Surely gold isn't on the front page because investors are concerned about the future price of gold jewelry. In many ways, gold has become a barometer of economic conditions.

Everyone now realizes that gold is important. The people still bashing it to the extreme are frankly in denial. No matter one's opinion on gold's investment-worthiness, gold has become a factor that market participants must follow closely. The market's perspective on the precious metal has come a long way, and we likely still have further to go. In the meantime, we'll continue to stay ahead of the curve.