I spent last week (and the week before that) shouting from the rooftops about the break of the highs of a 6 year range for gold.
Its benefiting from the outlook for central banks, everyone of 'em taking it easy! You might recall the fact that gold costs $ to hold, it pays no return and incurs storage fees. So, as the cost of holding falls (easier rates) its a positive input.
Its surging again in early Asia time here:
What's the news for it?
- break of a six hear high
- easier monetary policy around the globe
(in case you'd forgotten)
