Gold's natural reaction occurred as soon as the price started to trade. Within 5 minutes over $20 gain. The price is currently sitting at its all time high of 1695.50.
Hang on folks, you ain't seen nothing yet. Other PMs jumped as well with Silver trading over 4% higher on the open.
This is related to the US debt downgrade, along with instability in Euroland and in other parts of the world. We are witnessing history and there is a lot more surprises / certainties to come. Keep focus on PMs as currency wars are heating up.
China adjusts currency peg, flexing muscles as an emerging leader and economic power.
Bank of Japan intervenes in currency markets to devalue the Yen
ECB continues to buy large quatities of bonds all to help saving Ireland, Greece, Italy, Spain, Portugal, etc
Live Gold, Silver, Platinum, and Palladium below (Kitco.com)
No comments:
Post a Comment