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?
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%)
This article was posted: Friday, September 21, 2012 at 7:23 am