2010-09-23

Gold and the markets

Has gold hit a new high around the world? Not yet, it's still below the peak set in June against the basked of foreign currencies in the U.S. dollar index.

How about the stock market rally these past few weeks?

How much have grains rallied versus gold this year?

As for the gold miners...gold has just started moving higher in New York trading and it's helping Market Vectors Gold Miners (GDX) advance. The fund is within about 20 cents of an all-time high, previously reached in March 2008, when gold crossed $1,000 for first time. Gold is up almost 30% now since then, but GDX is flat. Some bubble...

No comments:

Post a Comment