Gold Gets Goofy
Are gold prices about to surge, or is the stock market getting wacky? Gold hasn't budged much lately: It's at $384, about where it was three months ago. By contrast, the Standard & Poor's Gold Stock Index is up 13%, a sign investors think prices are about to climb. When will we know if the market is right? Not until the fourth quarter, says PaineWebber analyst Marc Cohen. "If gold can get to and remain above $400, it will be bullish for the metal--and the stocks."