Wednesday, August 3, 2011

Gold surges to new record, silver filling the gap

3 month gold chart:



6 month Silver:



And the S&P 500 LOL



The precious metals bull market continues.

UPDATE

S&P plunges to 1235 in a classic technical breakdown. 10 year treasury yield at 2.56%. Spreads blowing out in Italy and Spain. Looks like the Euro zone is having its fall 2008 moment.

Aug 5th 9:00 am update: Complete breakdown in technicals for S&P. Currently trading at 1174, intraday low at 1168.

3 comments:

  1. GOLD PRICE $2000 AN OUNCE

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  2. ABA meets this month to vote on accrediting a law school in China.

    "But he still wants that decision, the earliest date for which he thinks would be the ABA's annual meeting in August. Lehman hopes the bar group will consider the benefits to the U.S. profession to having a high-profile educational outpost in a rising superpower like China."

    http://www.law.com/jsp/article.jsp?id=1202494947655&slreturn=1&hbxlogin=1

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