The economy has had more than its share of trouble lately: Japan's earthquake comes on top of rising oil and food prices, political turmoil in the Middle East and a crop of government austerity measures. But investing opportunities lie hidden behind the bad news.
Some are convinced the precious metal will keep rising, others that it's tracing out a classic speculative bubble that's ready to burst. Nobody has a crystal ball, but an "agnostic" technical analysis of the charts provides some good clues about gold's future.
The Dow surged nearly 200 points, while inflation fears propelled gold to another record close. The Institute for Supply Management said its services index rose to 53.2 last month from 51.5 in August. Economists had expected the measure to rise to 52.
With gold prices setting new highs recently, debate rages over whether it's a bubble likely to burst soon or if further gains lie ahead. Here are some charts on the metal's price movements that may help shed some light on the discussion.
With the markets off their recent highs and volatility picking up, investors have to ask: Is this just a brief dip in the uptrend, or a more ominous change of trend? Many analysts are emphasizing the bullish case, based on the gathering global economic recovery. But some of the key indicators suggest a different story.