Something is up...........
If oil gets much higher, it will have very disruptive effects on the economy
This means we're doomed, yes?
If precious metals prices hold up tomorrow, it's blastoff time. Should go up for the next month before correcting.
It's just the dollar continuing its collapse.
Traders may be dialing in the probability of a "pre-emptive" strike against those retarded Iranians.
The gold infomercial on the radio says it will break $1,000/oz. Maybe that wasn't hype after all.
Silver up $0.55. Gold up $9.10
Gold's historic high was set on January 21st, 1980 at $850 an ounce. I fully expect to see it reach, and surpass those levels.
You mean the dollar is still dropping?
Paradigm shift continuing merrily along.
All I can say, is I ask myself the same questions as you. In Australia - heaps of rumours about what is driving oil and some commodities up.
Also - uranium and copper are rising extremely fast. There is a market for them which seems very high and ever rising.
I do fear this is a sign of military action, but perhaps stocks are low (copper and uranium are used in shells and bombs, millions of which have been fired in recent years.)
Oil and gold traders are hedging their bets on wether the US will bomb the Iran nuclear facilities this year.
Relax folks. By the time New York gets online, it'll drop again below $600, as wise and prudent spokesmen in the US and UK bring sanity back to the markets inflamed by know-nothing Asian PM buyers, and they will again tout the wonderful health and vitality of US real estate, general equities, derivatives and bonds.
So wise are our Central Bankers that they no longer need to report M3. The people trust them to maintain endless liquidity, and overcome all manner of economic unpleasantness. So, please stay away from gold and silver.
(Full Disclosure: I haven't bought enough yet, and wanna buy a heckuva lot more - before they go parabolic).