Atomic Bob's Stock Forum - The Golden Thread

Today's action in gold is remarkable. It's currently up $64/oz!
There was a day... right near the pricing peak at $1,950 three years ago... when gold jumped $100 in a single day. But that marked gold's peak and you all know what followed.

What should we make of a similar spike after three years selling off? I don't like to come across as a Polyanna, but I think it's got to mean that there are some GIGANTIC gold purchases being made today. Purchases of this size tend to be made by very large institutions and very intelligent people. Maybe even governments.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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