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September 28, 2010 / Hal (GT)

Gold hits new nominal high today.

Each day seems to bring more evidence that gold is going to continue its climb upward. I was watching per usual with Lear Capital’s great free real time widget, ExactPrice, when gold took off this morning after being sold down a fifteen or so dollars over night.

The high today that I’ve seen so far is $1,309.70.

I have a quite of few links to items worth your look today. Sure looks to me folks, like gold is not slowing down.

From $44 To $4 In Less A Second: Today’s Flash Crash Brought To You Courtesy Of The Nasdaq And A Clueless And Corrupt SEC – zerohedge. Get a clue folks.

Lear Capital: European Central Banks Halt Gold Sales:

For the first time since 1964, global central banks are net buyers of physical gold, rather than sellers of physical gold. In my mind, that speaks volumes.

In my mind too. In my mind too.

European Central Banks Halt Gold Sales

Europe’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade.

Ben Davies – The World Monetary Earthquake

John Williams – Dollar Crisis-of-Confidence & Gold

Welcome to the Mania – A must read from Casey Research.

Nepal will put FX reserves into gold and rig domestic market

Largest Gold Sway Ever Almost Escapes Notice.

Ed Steer’s Gold & Silver Daily is a must read today too.

Chinese consumers rush for gold – story Ed points out.

Bank Of England Official Tells Savers To Stop Complaining About Low Interest Rates And Start Spending– To which they might want to consider taking their money and getting some gold and silver.

Gold is the final refuge against universal currency debasement

Lear Capital: Gold for Dummies – another must read.

You’ve seen the commercial about central banks of the world all printing more and more money.  That means all currencies are being debased at the same time.

U.S. Dollar Is `One Step Nearer’ to Crisis as Debt Level Climbs, Yu Says

Until next time.


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