Monday, November 8, 2010

Gold is the real deal

Everyone is talking about the weak dollar and strong commodities relationship but there is more to the gold rally than money falling from helicopters.

To wit: this is gold priced in euros - the major component of the US dollar index. That is a short-term upside breakout in a long-term bull market. Dollar schmollar. Gold is going to 1500, next.

To infinity....and beyond!


patrick neid said...

The only question, how high is it going to go once it goes parabolic?

Should be fun.

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