Got Gold?
February 12th, 2009Chart of the Week
For those that are become increasingly uncomfortable plowing money into the US dollar for lack of a safer parking place, is it time for gold to make its run? Will gold take over as the ultimate safe haven trade until there is more visibility for investors on the probable outcomes in the global economy.
Remember, when it all it the fan in August of 2007, gold began its surge from $640 to $1032 over the course of seven months. A similar extension now would take gold up to $1100 by April.
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