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Gold And Silver Riding The Bull: Are We At The Beginning Or End?
Commodities have been breaking new records for six months now, and this week reached another milestone when gold, copper, zinc, silver and Brent crude all moved through key levels.
Few observers are brave enough to call this latest rally the top of the market, and futures prices are suggesting that further gains might be seen.
Gold peaked at a high of $604.00 a troy ounce on Tuesday, the first time it has moved through the $600 point since December 1980. The latest GFMS survey suggested that the price could push beyond the $850 record reached in January 1980.
Silver moved through $13 an ounce on the same day, for the first time in 23 years, with buying encouraged by the proposed launch of a silver exchange-traded fund that is expected to attract new investors. Platinum also hit a record this week when it touched $1,095 an ounce.
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