U.S. Dollar 911

September 11, 2009 – 5:53 pm

image

 

Gold closed at $1,006.20.  China is buying gold with its Dollar Reserves.  Previous attempts by the Plunge Protection Team to keep the price of gold under $1,000 succeeded until this week.  This is the highest weekly close for gold ever.  The above chart looks pretty bullish.

Sorry, comments for this entry are closed at this time.