Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Spot Gold Tops $1,900 For First Time Since 2011

Courtesy of ZeroHedge View original post here.

Precious metals prices are once again on the rise this morning with spot gold prices back above $1900…

Source: Bloomberg

“When interest rates are zero or near zero, then gold is an attractive medium to have because you don’t have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets are rising,” Mark Mobius, co-founder at Mobius Capital Partners, said in a Bloomberg TV interview.

“I would be buying now and continue to buy, because gold is really on a run, it’s doing well.”

Source: Bloomberg

And gold is continuing to track the volume of global negative yielding debt once again…

Source: Bloomberg

The all-time record high price for spot gold, according to Bloomberg data, is $1921.18 in Sept 2011

Source: Bloomberg

While spot gold prices are about $20 away from the all-time high, some futures contracts on the Comex are already trading even higher. December, which overtook August as the contract with the highest open interest according to data released when Friday’s Asian trading session was already underway, touched $1,927.10 an ounce Thursday. That’s above the record for the most-active contract of $1,923.70 reached in 2011.

Silver is rising too but less so for now, stabilizing after its breathless surge this week…

Source: Bloomberg

The Gold/Silver ratio is creeping higher again…

Source: Bloomberg

As a reminder the last time gold traded at these levels, the SNB pegged the franc to the euro.

Where's Benoit?


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!