Update: Gold
Posted on November 30th, 2006 by MoverMike
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.
The Dollar is taking another beating - the chickens are coming home to roost.