Thursday, September 18, 2008

Gold's largest one day move in history

I remember having a debate some time back about gold. I felt confident that at some point we would see gold moving higher by $100 a day. While I still think we are many years from the top in the gold market and I'm not even sure if commodities are in a cyclical bear market or not, I think we got our answer yesterday as to whether gold is capable of moving by huge amounts daily.

I still have no doubt we are going to eventually see a Dow:Gold ratio of 1:1 before this is over.