Hitting 1900 USD today?

Look to the right side of the page and watch the KITCO gold chart showing the price for 1 ounce going through the roof. Are we seeing the fall of the 1900$ barrier? I think so. Now interestingly this time Silver is also going up in parallel. While I leave the analytics to people like Turd Fergusson it looks like real panic is taking control, especially when the DAX took a hit this morning.

“I recommend you panic!”- Hugh Hendry, 2010
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s