Tuesday, October 6, 2009

Gold is so shiny

Gold futures in New York were trading at nearly $1,043 an ounce at about 8:15 a.m. PDT, up from $1,016 on Monday and topping the previous peak of $1,033.90 set in March 2008.

Oh, who could have ever predicted this?

"Singing, I love rock and roll..."

Oct 6th 2009 NY time 15:16


  1. Dow / Gold = 1 or perhaps 0,5
    When 2012-14?

  2. I can give you a better estimate in half a year when we know if there is more stimulus. If I haft to say something now, I would guess somewhere during the winter of 2011/2012. The US stock market will crash and the gold price will continue up, that is the only thing you can be sure of right now. If the real crashes happen during next year, as I believe, we will see it sooner. But a conservative prediction I would aim for 2 years into the future.

  3. That anonymous was me, but you probably got that. :))