Wednesday, October 14, 2009

Spot Gold

I noticed that for a few minutes, before the London markets opened this morning, the spot price for gold ticked up above $1070 an ounce. Another new all time high. We'll have to wait for a retrenchment to find out but I wonder what the new trading range for gold will end up being.

Radical.

2 comments:

beebsblog said...

I've given up and come to the conclusion that the Treasury Departments in the various major countries will print until the last tree is felled and the last electron is used to electronically create debt.

I am researching gold stocks today. I am a wimp about pulling the trigger, though.

beebs
anarchist

reddog said...

I'd hold off. I think gold stocks will tank with the rest of the market irregardless of the price of gold.

I don't know when this will happen but it will.