Gold new All time high tonight - $1118.5

ProofCollection

A few seconds ago, the Dec gold futures contract hit $1115.10, and it is probably headed higher.

Hold on to your hats!

Updated: 1116.0
Updated: 1116.3
Updated: 1118.5

Justacommeman

that's gonna set off a few stop losses and leave some marks

On a separate note the Swiss Franc is almost at par with the $USD.........$CAD and $AUD on deck ?

Aussie- commodity laden currency. Australia has actually raised rates recenty.....twice

Canada- commodity laden currency with the safest banks on the planet and with employement
on the upswing

MJ

MoneyLA

my target is still 1300. curiously, silver is down.

Justacommeman

<< <i>my target is still 1300. curiously, silver is down. >>


Not sure what you are looking at. Silver is up quite nicely this morning $17.65 at the time of your post.

I'm glad you are finally on the gold train. Better late then never.....all aboard................MJ

MoneyLA

yes, I see now that silver is trading higher. a break above 18 is what Im looking for.

I went positive on gold when gold broke above 980, which completed a large pennant formation.

then in mid October, I noted the reverse head and shoulders formation and on Oct 20th posted on my website my expectation that gold will move to 1300.

what happens after 1300 is reached I cannot predict now. but basically you want to buy something that keeps making new highs.

and gold certainly has a definitive floor now at 1000.

silver still needs some work.

Ive lost track of copper? this metal is perhaps the key to our overall economic wellbeing.

Justacommeman

Copper is up 100% over the past year......$1.50 to $3.00

I agree about silver at $18.00

And again welcome aboad the gold train.....room for all

MJ

gsa1fan

What caused the dollar being propped up today?