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Gold A Fistful Of Dollars Away From 2012 Highs

Posted By admin On September 21, 2012 @ 7:23 am In Money Watch | Comments Disabled

Zero Hedge [1]
September 21, 2012

At $1787, gold is rapidly closing in on its recent nemesis-like $1800 level as it appears Dalio’s ‘expected path of least resistance’ for Central Banks – i.e. QEternity – is being priced in from a balance-sheet ‘stock’ perspective (as opposed to equities needing the ‘flow’)… Just as Bernanke must be hoping, so (real money) hard assets wonder – is fourth time the charm?

 

Gold A Fistful Of Dollars Away From 2012 Highs 20120921 gold 0 [2]

 

Meanwhile, Silver just broke above $35 for the first time in over six months – which takes it to +26% YTD (as both Gold and Silver are beating US and European stocks – both now in line +11.6%)

Gold A Fistful Of Dollars Away From 2012 Highs 20120921 gold1 0 [3]

 

Chart: Bloomberg


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/gold-fistful-dollars-away-2012-highs

[2] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20120921_gold.png

[3] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20120921_gold1.png

[4] Gold Soars To Near Six Month High As Silver Overtakes Stocks In 2012: http://www.prisonplanet.com/gold-soars-to-near-six-month-high-as-silver-overtakes-stocks-in-2012.html

[5] Gold Surges To Near $1,250, As Stealthy Flight To Safety Accelerates, Stocks Oblivious: http://www.prisonplanet.com/gold-surges-to-near-1250-as-stealthy-flight-to-safety-accelerates-stocks-oblivious.html

[6] Gold And Silver Hit New Highs For Second Time In One Week: http://www.prisonplanet.com/gold-and-silver-hit-new-highs-for-second-time-in-one-week.html

[7] Gold Rises To New Record In GBP – Close to Near Record Highs In Euros And Most Currencies On Global Debt Contagion Risk: http://www.prisonplanet.com/gold-rises-to-new-record-in-gbp-close-to-near-record-highs-in-euros-and-most-currencies-on-global-debt-contagion-risk.html

[8] More U.S. states looking to legalize gold and silver as currency while ditching dollars: http://www.prisonplanet.com/more-u-s-states-looking-to-legalize-gold-and-silver-as-currency-while-ditching-dollars.html

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