Gold: Knocking on Record’s Door

Posted on Sep 05, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden –

Source: Zero Hedge

When it comes to gold, one can now officially skip the foreplay.

Gold has proceeded to rise to within nickels of the all time high, with spot trading over $1910 at last check.  Since Europe is about to open shortly, and since the free fall in risk will resume now that virtually every rhetorical gimmick has been used and abused ad inf, it appears that absent the CME doing away with margin requirements altogether, we will see $2,000 spot within hours.

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