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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?

 

[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%)

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Chart: Bloomberg


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[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

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