- Trading at new or near new historical highs against all currencies now.
- Wonder if this carries any message regarding the other markets. Equities to tank tonight? More EU troubles?
- Whatever it is, looks like Risk OFF is right.
08 June 2010
Gold : What's the Story?
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3 comments:
http://www.zerohedge.com/article/gold-hits-new-all-time-high-price
Lately I've been thinking, if S&P collapses through the critical 1040 level and begins a global rout for stocks, does that spell the end of the gold rally? If global asset prices collapse then you want your money in cash so you can pick up property and other hard assets on the cheap. Already today's price action in gold has not been encouraging, after printing a new high of $1,251 it keeps hanging around $1,242.
Gold will do as it wishes. No use trying to figure out its logic. As to price action today, patience man. Give it a chance.
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