Tuesday, November 8, 2011

Gold teases at the $1800 level

Gold rose overnight and consolidated in Sydney trading on renewed fears of Italian financing costs and government instability. Also one could argue the fear trade is being stoked by the recent saber rattling of the US, UK and Israel over the alleged Iranian nuke program (which is bit rich seeing all the afore mentioned countries have hundreds or in the US's case thousands of nukes themselves).


No comments:

Post a Comment