Nice move for the Au - funny how the lesser metal followed Actually how funny all the PM's move together both directions - perhaps not so different after all?
Buzz for them @ spot when and if spot hits 50 - offer made and accepted we have a contract! Joking I hear their that bad you need to sell @ spot -50% :lol:
Gold has really left the gates. I guess there isn't much confidence in the US economy after BB's speech?
the only thing to reverse this trend at the moment: good news. and zombie apocalypse. Any good news on the horizon? sudden frankenstein revival of greece? Italy found a massive cache of gold? Anything? as for zombie, the first step is here: http://www.gizmodo.com.au/2011/07/a-tumour-that-could-provide-the-key-to-making-zombies/
If you look at a 5-year or a 10-year USD gold chart from Kitco, what happened in the last two weeks hardly even registers. Gotta admit the shape on the 30-day and 60-day should give you some pause. Thats when you think of the fundamentals.
Can't embed it, but the 3 year graph is fairly nice Hasn't touched the 200 MDA since Jan 09, and is by no means showing a parabolic like silver did pre-Easter. http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=3&mn=0&dy=0&id=p18134698092 (that's about the extent of my charting skills!)