AI
Tuesday, March 02, 2010 5:40:44 PM
CHART OF THE DAY: Actually, Gold Is On A Tear, And Near All-Time Highs
Joe Weisenthal and Kamelia Angelova | Mar. 2, 2010, 12:52 PM
Disappointed that gold isn't regularly busting to new highs like it did last year?
You're just looking at it wrong.
In euros, a currency that's come under serious pressure, gold is basically at an all-time high.
In other words, it's not gold that's gone up or down, it's changing attitudes towards underlying currencies that has changed.
When gold sells off against all the currencies -- because investors suddenly have a new found love of paper money -- that will be a story.
Joe Weisenthal and Kamelia Angelova | Mar. 2, 2010, 12:52 PM
Disappointed that gold isn't regularly busting to new highs like it did last year?
You're just looking at it wrong.
In euros, a currency that's come under serious pressure, gold is basically at an all-time high.
In other words, it's not gold that's gone up or down, it's changing attitudes towards underlying currencies that has changed.
When gold sells off against all the currencies -- because investors suddenly have a new found love of paper money -- that will be a story.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
