Tuesday, October 6, 2009
GOLD -SILVER- DOLLAR!
GOLD!!!! Heard enough today, well as it breaks it's March 2008 highs on news of the dollar possibly losing it's place as the world currency.
Oil producing nations denied a British newspaper report that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies including gold in trading oil.
The Itz Pix portfolio, which has been in gold and commodity stocks since July is profiting nicely today. I continue to see Gold and silver more so, as the plays into year end. I'm also liking oil here ...it too will play catchup to gold/silver in the next few weeks.
*click on chart to expand image