Thursday, October 15, 2009

GOLD : Rallying in all major currencies

Take a closer look at the red line representing USD gold.

As a result of the recent slide in the USD, gold priced in USD has risen to new highs!

Also note that the GBP is one of the weaker major currencies in this non USD currency rally.(which has resulted in the massive rally in gold priced in GBP)

Good Reading:

Time to Hire Bernard Madoff to Run U.S. Treasury: William Pesek ...

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