The flood of liquidity is washing over everything - all assets are rising in wonderful harmony, even gold which has been lagging this year has now joined the party. The other precious metals (silver, platinum) are singing in tune as well.
(please note I am showing GLD ETF rather than gold itself, since the commodity chart is not real time)
What I love seeing the past few weeks are things like oil rising and airlines rising right along with it - even as their top variable cost crunches potential profitability. No problemo - these banks need to stuff their 0-0.25% money somewhere since the real economy doesn't need much of it. Buy it all, Monday awaits... 52 week highs in airlines as oil goes to $190 surely is a sensible event awaiting January 2011.
Everyone into Bernanke's Ark... the floods are here. Can't wait to hear his Congressional testimony in 2019 on how none of the misallocations of capital were his fault...
Long DB Gold Double Long ETF in fund, no personal position
Friday, April 9, 2010
Gold (GLD) on 7 Day Rally Touching 2010 Highs
Posted by
Mark
at
3:56 PM
Gold (GLD) on 7 Day Rally Touching 2010 Highs
2010-04-09T15:56:00-04:00
Mark
gold|
Powershares DB Gold Double Long|
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Labels: gold, Powershares DB Gold Double Long
Gold (GLD) on 7 Day Rally Touching 2010 Highs
2010-04-09T15:56:00-04:00
Mark
gold|Powershares DB Gold Double Long|
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