forgot to mention that the PPI is showing the largest yr to yr increase since the early 1980's 7 - 7 1/2 % :eek:
Hehehe, gold has topped.... I remember when I bought my first gold coin at my new dealer back when it was around 375, he said to me, "When it hits 1000, you're going to bring it back here to sell, right?" I told him back then, when it hits 1000, I'll be in here buying. I will look at selling gold when there are get rich quick by flipping gold schemes advertized on TV, similar to the real estate ones from a couple of years ago. That and I will buy an average house in a good neighborhood when I can get it for 1000 ounces of silver. People laughed at me when I said that in 2004 while scooping up junk silver and renting an apartment. Now they don't laugh anymore, but most still don't see my point.
You'll be hearing more of "tops" over the next two months. I don't even try to argue. Perhaps in their timeframe gold has topped. Cube of ten.
Note: If you're a short term intra day gold trader we're legging down for awhile. Long term trend is still intact.
Gold is more liquid than diamonds. Gold doesn't tanish like silver Gold is more valued as gifts in many cultures (and there's no rhyme or reason behind that sort of thing in any given culture)
ahh. as the gold players knew all along http://www.bloomberg.com/apps/news?pid=20601009&sid=aW6twners.Ho&refer=bond