Gold continued to make headlines this week, reaching nearly $1,900 an ounce on Friday before resting around the $1,850 level. Gold’s 15 percent rise to new nominal highs over the past month has rekindled “gold bubble” talk from many pundits. Long-term gold bulls have been forced to listen to these naysayers since gold reached $500 an ounce. If you would have joined their groupthink then, you would’ve missed gold’s roughly 270 percent rise since.
Read More: http://www.econmatters.com/2011/08/debunking-gold-bubble-in-3-charts-guest.html
Weekly Charting Precious Metals Gold Silver And Platinum
While Gold received most of the headlines/attention in the last few weeks, what has been quietly happening to Silver and Platinum prices? Let’s take a look at the parabolic move in Gold and see what the companion moves have been in related precious metals Silver and Platinum.
Read More: http://www.dailymarkets.com/stock/2011/08/22/weekly-charting-precious-metals-gold-silver-and-platinum/
Commodity Currencies Advance As Markets Price In QE3
• Gold Advances to Record as Platinum Climbs – Bloomberg
• Housing’s Drag on Economy May Worsen – Bloomberg
• Italy’s Debt May Swell as Austerity Chokes Growth – Bloomberg
• Bernanke to Aid Recovery with Gradual Boost in Dosage – Reuters
• Rebels Seize Most of Tripoli – WSJ
Read More: http://www.dailymarkets.com/forex/2011/08/22/commodity-currencies-advance-as-markets-price-in-qe3/