Gold has increasingly become a hot subject since the AAA rating on the US has come into jeopardy.  The selling of US treasuries and the USD has increased dramatically as the Euro/USD is now flirting with $1.42.  Gold has risen significantly in the passed 2 weeks alone and has just touched $980.  Another trade up to $1,000 could be in store.

This entry was posted on Sunday, May 31st, 2009 at 1:06 pm and is filed under Metals. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.