Gold under pressure as dollar prevails in battle of the havens

Rare coins can play a role in an investor’s portfolio as an alternative asset.

Legendary investor Stan Druckenmiller told the Sohn Investment Conference in New York last week that he is bullish on gold and bearish on the stock market.

The bank increased its three, six and 12-month forecasts to $1,200, $1,180, and $1,150 an ounce from $1,100, $1,050 and $1,000 respectively.

Investment bank says the precious metal will continue to grind higher — with that key $1,400 level being the first line in the sand.

BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.

The Canadian miner posted a loss of $13.9 million in its first quarter.

Michael Ballanger discusses the most recent COT report, which shows levels not seen since 2010–2011.

"But, alas, I was fooled."

Gold prices start the week off down, but are expected to pick up soon again.