Archive for September 15th, 2010

Gold hit another record high

Posted in Gold on September 15th, 2010 by Paul Deng – Be the first to comment

Gold at $1269.

gold at 1269 300x180 Gold hit another record high

(click to enlarge)

What’s behind recent move?

Why is Gold investor’s darling in current environment? ABC News reports:

My yardstick to judge whether gold is in asset bubble:
1) when everybody is buying, even your trash collector neighbor;
2) when everybody tells you, “This time is different”.

We are nowhere near that point. Not yet.