Comments on: Gold (XAU) crossing record level http://chartsandnumbers.com/2008/03/13/gold-xau-crossing-record-level/ a simple analysis of up-to-date business news from Bahrain, Kuwait, Oman, Saudi Arabia, UAE & Qatar Sat, 19 Jul 2008 14:29:26 +0000 http://wordpress.org/?v=MU By: mylastresort http://chartsandnumbers.com/2008/03/13/gold-xau-crossing-record-level/#comment-80 mylastresort Mon, 17 Mar 2008 14:35:47 +0000 http://mylastresort.wordpress.com/?p=76#comment-80 freemarketman- I like your analysis. A rise of 30%+ in the price of a commodity that rarely moves is interesting in itself. Again, I am only referring to the sudden percentage increase over a short period of time. Interestingly, as I posted later the previous high in the 70's would be valued at above $2000 in todays standard. Spot Gold today has reached $1030, global instability has been seen across the globe (see todays posts), the world's stock markets have dropped. Federal Reserve drops rates on a Sunday, and aids a company in a buyout! The Fed is using tools (to boost the economy) not used since the 'Great Depression.' It is very interesting where the price could be headed if they are talking about $150 barrel of Oil this year? freemarketman- I like your analysis. A rise of 30%+ in the price of a commodity that rarely moves is interesting in itself. Again, I am only referring to the sudden percentage increase over a short period of time. Interestingly, as I posted later the previous high in the 70’s would be valued at above $2000 in todays standard.

Spot Gold today has reached $1030, global instability has been seen across the globe (see todays posts), the world’s stock markets have dropped. Federal Reserve drops rates on a Sunday, and aids a company in a buyout! The Fed is using tools (to boost the economy) not used since the ‘Great Depression.’

It is very interesting where the price could be headed if they are talking about $150 barrel of Oil this year?

]]> By: freemarketman http://chartsandnumbers.com/2008/03/13/gold-xau-crossing-record-level/#comment-70 freemarketman Thu, 13 Mar 2008 18:43:01 +0000 http://mylastresort.wordpress.com/?p=76#comment-70 Mmmm...from $35 in 1970 to $1000 in 2008. Market must have been in fear and recession for 37 years then...of paper money! :-D Mmmm…from $35 in 1970 to $1000 in 2008. Market must have been in fear and recession for 37 years then…of paper money! :-D

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