Nov 28 2005
Gold Crosses $500 an Ounce
Gold was trading today at over $500 an ounce (Bloomberg notes it at $502.80 5:00 Eastern) … part of what we believe will be a longer general trend. Meanwhile, platinum is now at a 25-year high, above $1,000 an ounce….
Meanwhile, U.S. Stocks gave back a touch of their 4-year highs.
We pose the question: Historically equities and precious metals — and even commodities in general — tend to move in opposite directions. With both gold and U.S. equities rallying, who is right?
If you don’t have an understanding of the overall discussion about precious metals’ prices, you are walking blind in the new economic paradigm. But don’t feel too bad… As we reported a few days ago, even some of the world’s best investment minds seem to not be paying proper attention to the serious tension in the global economy, confirmed first hand by Morgan Stanley’s Stephen Roach.
Following the Herd is for Sheep…
Not Your Portfolio
Visit Ernharth Group for Other Alternatives
National Planning Corp, Member NASD/SIPC
– –End Advertisement– –
