Business Spectator- Gold futures slump to fresh 2012 lows

By: Bob HaberkornMay 15, 2012 9:18am CDT 7970


"It's like everybody's forgetting what gold actually is - a hedge against uncertainty and fiat money," said Bob Haberkorn, senior commodities broker at RJO Futures.

Haberkorn said gold prices will likely test $1,550 before traders sitting on the sidelines return to the market in search of bargains.

"I've talked with several people and they're waiting to pounce on this," he said.

To read the full article with Bob's comments, please go to businessspectator.com.


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