Gold

Discussion in 'Metal Futures' started by plan, Sep 3, 2009.

  1. plan

    plan

    Anyone know why gold breaking the fuck out last two days?
     
  2. S2007S

    S2007S

    Possibility of the printing press working for the next decade printing trillions of MONOPOLY dollars to keep the economy propped up and the slight possibility of a collapsing dollar.


    :eek:
     
  3. lwlee

    lwlee

    Look at the daily chart. It looks like a technical move. Ascending triangle.
     
  4. There is a seasonality to the gold bugs index $HUI
    http://stockcharts.com/charts/gallery.html?$HUI

    It usually ralleys sometime in September and usually lasts for 2 or 3 weeks or more.
     
  5. plan

    plan

    first answer I've liked, thanks.

    Re inflation -- nothing new, no reason for it to do so now than say a month ago.

    Maybe flight to safety but I didn't see much rotation into anything else.