Well, a new nominal high was set in the wee hours of the morn and quickly squashed today. Glancing at the chart in the free app, ExactPrice, gold hit $1,265. Right now it’s sitting at $1,233.
I’ve a bevy of links to share today. But the thing I feel after looking at them all is that we are no where near being out of the financial woe woods. It looks to me like gold is stair stepping up. I expect we might see a consolidation here but the trend is in my opinion going to continue.
Sharing the links in no particular order as time is knocking on my door.
Gold Trading 21 June 2010 – Anna Coulling is someone I always check.
“I fully expect the precious metal to achieve $1500 per ounce and beyond by the end of the gold trading year.”
The dollar versus the euro is purely a mirror image. Market focus is a product of media. Media is a product of those investment banks doing the work of “gawd.”
The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.
California on ‘verge of system failure’ – it’s just a matter of time.
Hourly Action In Gold From Trader Dan – is a must read.
Meredith Whitney paints a very bearish picture for our economy. The double dip in housing is coming, and it will bring down the rest of the economy.
Barbarous Relic Back From the Dead – great read on gold.
How The World Nuked Itself Over 2,000 Times – this just plain freaks me out.
Until next time.