Gold recently surpassed the $1,000 per ounce mark which was (in the past) a kind of financial landmark that would be mentioned along with flying pigs ‘yeah right! And Gold will be a grand an ounce!’ – you get the picture. But now that its a reality, along with oil being over a hundred bucks a barrel is it time to give one of mans oldest financial instruments a second look?
Gold like anything is driven by the market and that’s why it crossed the $1,000 dollar mark, and at the same time Oil hit the $110 barrel mark, that’s partly due to the gold/oil/dollar correlation which was mentioned (and graphed) in a previous post.
Commodities have been in an 8 year bull run and for some reason they have not been getting the press attention they deserve until perhaps the last year, and it still hasn’t topped out? Why? The situation that we have today is that we are in a different economic environment than we used to be, partly because the worlds economy is no longer US-centric. There …