Wednesday, September 16, 2009
Sorry, but I have no commentary other than to say that once $1,000/ounce becomes the "floor" price for Gold, then $2,000 is believable and conceivable to the herd. Regardless, the Dow to Gold ratio has a long way to go to get back towards parity. There are a million reasons Gold could top right here and a million why it could go even higher. Either way, I think its strength at a time when "everything is well" in CNBC land is telling. Gold investors, enjoy the day!