Wednesday, October 6, 2010

Golden Rocket

It seems like yesterday when I made a post about gold breaking the $1300/ounce barrier. Yesterday it rocketed upwards almost breaking $1350.  But, keep in mind that everything has made a strong move up.  As Robert Prechter has said in the past, "all the same".  Stocks and commodities are very in sync which is not the norm.  Similar behavior and patterns occurred leading up to the fall of 2008. 
Yesterday's Gold price in RED

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