Gold action today.
Have you been tracking the precious metals this week? Watch it in real time on your web enabled mobile device or your desktop with the app, ExactPrice. Right now the spot price of gold is $1,402.90. Silver is #27.13.
The biggest news was the hit the metals took yesterday with the CME announced the margin price changes. Market reacted viscerally I think. Today, I think people have their heads back on and realize that little has changed, problems are the same and it was little more than validation to the manipulation and fear. They aren’t regaining their highs yet but are retrenching right now I think. So I still feel that we have a ways to go on the upside.
Here’s a list of links that I found that I think are worth considering.
Hmm.. Gold up a bit more since I began. Now $1,404.50.
Until next time.