PRICE CHANGE %CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 943.500 -1.000 -0.11 10:55
Gold made the $1,000 level last March, and then fell all the way be to $700 as the recession gained strength.
Since making it's bottom in November along with all the equities, Gold has behaved like a champion. It's made a series of higher lows and higher highs for the last 3 months. More importantly, Gold is butting up against the downtrend line from the top made last March. A solid break above $92 would suggest a major breakout, and we're very close right now.
In my view money is flowing to Gold. The dollar is losing steam, and the US is going to have to print a lot of money to spend our way out of this recession, which is favorable for gold, which is favorable for AOAG!!!!!!!!!!!!!!!!!!
