Wednesday, August 10, 2011

Gold At 1800....

The frequency with which I'm now posting about 100 Dollar increments in the new high price in gold should be a testament in itself that we may approach  a short term top.
Commodity prices, as measured by the CRB Index, made their highs in mid April of this year and are now about  12% lower. Platinum is trading now at a lower price than gold and silver could not get much above $40. It is trading at $39 right now after hitting $50 in April.
Ever keeping in mind that the Dollar is destined to be worthless, it may be time to trade some gold for other assets. Perhaps even real estate: Banks are seemingly getting serious about cleaning their books of unwanted REO (at least in this Seattle area)

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