Sunday, July 24, 2011

Gold Reacts to the Debt Negotiations in Washington


That's the live gold chart from Kitco. The blue line is from last Thursday, the red last Friday, and the green from just minutes ago. That's a pretty impressive opening spike and it's almost certainly a result of the uncertainty in Washington, DC, over the negotiations to raise the debt ceiling, reduce spending, and/or raise taxes.

1 comment:

The Radioactive Crusader said...

Looks good for my retirement account! Too bad about my grandson's future, however...