It’s all about gold – as the US market doubts the European bailout

Gold. You can’t ignore it, and you wouldn’t want to. It’s too profitable – if you get the timing right.

Looking at the NASDAQ and the Dow you could be forgiven for thinking you were looking at a rollercoaster. And looking at the 1 and 5 year gold price you could be forgiven for thinking you were looking at one side of Mount Everest.

Dow Jones industrial last week view

Click the image above for a bigger version. Source, stockcharts.com.

And now for Gold….

1-year-gold rise and rise

5-year-gold rise and rise

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About Ed.

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This entry was posted in All about Gold as US doubts European bailout and tagged , , , , , , , , , , . Bookmark the permalink.

One Response to It’s all about gold – as the US market doubts the European bailout

  1. Mike says:

    I have similar feelings. I am extremely bearish on the Euro but also have doubts about the USD. Long gold, silver, out of the money Euro put options.

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