Monday, July 18, 2011
Technical Special: Gold Powers To New High; No Signs of Top Close at Hand - WSJ.com: "August Comex gold futures on Monday hit another new all-time record high of $1,604.50 an ounce, as of this writing. Since scoring a fresh six-week low of $1,478.30 on July 1, gold futures prices have rallied by more than $120.00 an ounce. The main bullish fundamental inputs for safe-haven gold have been the ongoing European Union sovereign-debt crisis, and most recently heightened concerns the U.S. debt problem is not going to be effectively dealt with by the U.S. government."
at 11:52 AM