deuxsous

Greg McCoach: Will Gold Be at $2,000/oz by Year End?

Most people do the inflation-adjustment backwards. Gold today in today's dollars is about $935 per tr oz.

In 1980 gold got up to $850 in 1980 dollars, but in 2008 dollars gold in 1980 was worth over $2000 per tr oz.

Gaza War: Expect a Spike in Oil, Gold

Gaza is irrelevant.... It's just another third world street gang trying to up the ante and losing. It's possible the producers are using it as an excuse to try a short squeeze in crude oil futures, but as an event it's meaningless.