Gold's Record Monthly Close: Technically Significant
Source: Seeking Alpha, GoldCore (10/2/09)
"It is the highest monthly close in history in U.S. dollar terms. . ."
Federal Reserve chairman, Ben Bernanke's comments regarding the risks posed by China and Russia's proposal for a new global super currency may weigh on the dollar. He said that "it would weaken the dollar, and we would have to watch for any inflationary consequences of that." Meanwhile, European Central Bank head, Jean Claude Trichet warned that large currency fluctuations could derail economic revival. He warned that "excessive volatility" and "disorderly movement in exchange rates" would have "adverse implications for economic and financial stability."
Silver: Silver is currently trading at $16.29/oz.
Platinum Group Metals: Platinum is currently $1,275, palladium is $289/oz and rhodium is $1,575/$1,675/oz.