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December 7, 2010 / Hal (GT)

Gold sets another nominal high.


Are you tracking gold and silver spot prices in real time? If not then you missed it setting a new nominal high today over $1,431. Track it in real time with the free app, ExactPrice.

Right now profit taking is set in. Typical play of those seeking to game the system when it comes to daily plays in the commodities market, I think.

Anyway I’ve got a number of reads for you. Most important first:

Jim Rickards – Swiss Bank Client Denied His $40 Million in Gold – Go read.

The Shaky Foundation of the Financial System – Another important piece.

No end in sight to U.S. economic crisis as ‘scariest jobs chart ever’ shows post-recession unemployment is at its worst since World War Two – the graph here should put some fear into our government.

Einhorn: Gold to Soar as US Won’t Pay Debt – thanks to Laura for this link.

Lear Capital: Bush Tax Cuts to Drive Inflation and Gold Higher – Dollar Lower – Some excellent points here.

Gold showing its safe haven properties – Why yes, yes it is.


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