Update: Gold

On October 26th I asked if it was time for Gold?

Gold has broken out above $600, it currently is $645. Next it looks like we challenge the last high of $666.

A one ounce gold coin is now $666 up from $620 in that post and the ETF, GLD, is $63.5. On top of that the USD hit a 15 year low and most expect it to trade at its all time low of 80.5.

Gold USD Mover Mike

One Response to “Update: Gold”

  1. The Dollar is taking another beating – the chickens are coming home to roost.

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