FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Lately one of the best ways to close in the black -- has been with gold. But this precious metal has come well off its highs. How should you play gold, now?
Gold prices [US@GC.1
Loading...
()
] slid to their lowest level in more than a week, after testing all time highs over $1,000 an ounce earlier this month.
Investors have been piling into gold since last October as the financial crisis escalated after the collapse of Lehman Brothers. Fear that the massive amount of money being pumped into the global economy could eventually result in spiraling inflation has been a key reason behind the buying.
| ||
However, there's growing speculation that gold may have crested and could possibly be on its way down. That thesis took hold after Federal Reserve Chairman Ben Bernanke said he had a strategy to keep inflation under control as the economy recovers.
What’s the trade?
FM trader Joe Terranova says to watch gold carefully at current levels. “Back in October we had a ceiling in gold around $930," he explains on CNBC’s Closing Bell. "Then we climbed to $1000 and now we’re back down to this critical level."
"$930 should act as support now," he says. “If it breaks below the gold game may be up but if it stays above then it remains in play.”
And if you’re looking for other trades Terranova says, “Cooper has remained resilient and silver has hung in there as well. If you want to play copper play Freeport McMoRan [FCX
Loading...
()
] or if you want to play silver do it with the Silver ETF [SLV
Loading...
()
] .”
And Tim Seymour's play in this space is Teck Cominco [TCK
Loading...
()
] .
- Halftime Report: Is Oil Heading To $96?
- Your First Move For Tuesday November 24th
- Pops & Drops: Cigna, Verizon...
- Giving Thanks: Energy
- Web Extra: Winning The Chocolate Wars
- Holiday Travel Outlook
- Trading The Dollar Drama
- Prepare For Large Decline In Stocks, Next Year?
- Unusual Options Action w/ Pete Najarian
- Take Your Position: Black Friday
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes