Even as we speak Gold once again is on track to break  1000.00 an ounce. The resons for this are currently unclear, but it is taking a high flyer. It closed today at 998.00 has since backed off a little but I foresee it breaking the magic number and rising a bit more before it is all over. Oil is currently falling along with other commodities and the dollar is somewhat stable. The felling in the market place is the movers are nervous about conditions and may be hedging their bets with more Gold. We will have to wait and see, but for the time being it is time to Sell.

This entry was posted on Thursday, September 3rd, 2009 at 2:14 pm and is filed under Gold. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.