XAU is UP 100%
Since the October bottom the xau index is up 100% . Yes the market had been super volatile in recent months and the xau was down sharply to erase almost all of the first major bull wave gains. But still, it is amazing how quickly the gold and silver index recovered.
In my opinion this is a great bullish sign for precious metals and other commodities. While there is so much talk about deflationary spiral this tiny sector leads the way of recovery and show the market the great upside potential.
Labels: XAU
posted by troy @ 12/25/2008
5 Comments:
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I believe that gold is over priced here.
Really great Blog
Gold and silver will have a long way to go. It can still be considered as a good investment.
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