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Stock impact report

Don't be fooled into buying on gold's dip [Globe and Mail, The (Toronto, Canada)]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Arnd Wiegmann/Reuters An investment in gold over that period was highly profitable. But can such profits endure over the long run? History shows that while gold may be a good short-term investment, it has not been a good investment in the long run. It won't be this time around either. Commodities, including gold, are cyclical. They go up and down in price, they do not just go up indefinitely. Gold volatility likely to persist as Iran war spooks investors A gold bull market also happened between 2001 and 2011, when gold prices rose from US$280 an ounce to US$1,800 an ounce. This bull market was attributed to the bursting of the technology bubble in 2000, weakness in the U.S. dollar and the 9/11 attacks. However, as equity markets rebounded, real interest rates rose and the U.S. dollar strengthened, gold fell from about US$1,800 an ounce in 2012 to roughly US$1,100 an ounce by 2016. According to Goodreid Investment Counsel Corp., the materials sector's share of S&P/TSX fell fr Show less Read more
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