Gold breaks $1140

Three day chart.

Six month chart.

More charts at Kitco.com.

Gold Hit Another All Time High! What It Means For You

Nothing goes straight up or straight down as they say. You can expect a dollar rally as investor Jim Rogers predicts. You can also expect some profit taking and corrections in the gold market. But don’t expect this stock market rally to last. Interest rates will start climbing when we try to sell all of this debt we are creating for bailouts and stimulus. Bailouts and stimulus are definitely dollar negative and that seems to be the overarching trend.

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