Gold hits $1600/oz in early UK Trading

Looks like a nice start to the week with gold prices hitting $1600.10/oz on the London Stock Exchange early this morning, UK time. Silver also joined in the fun and was trading at $40.09/oz as we write. We'll let the picture tell the story, have a good un.



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Comments

[Di]

yes it did. That's why I am not saying anything. But we could be 20 or 25 bucks from the top. And after that it is not going to be fun anymore.

[Gold Prices]

Hi Di,

Drop in again when its $1800/oz and see just how much fun it is!

[gordon bennett]

Di

Do everybody a favour - turn the gold chart upside down and imagine that it is an equity. Would you buy it?

Gold has been in a bull market for over a decade. Any setback has been part of the normal ebb and flow of the markets and has given savvy investors/traders a chance to reload.

If you actually have any substantive reasons behind your monotonous carpings it might be useful to produce them. Otherwise we are getting into Canute territory - deep underwater.......