Gold Finally Follows Other Commodities Higher

Gold is very close to reaching another all-time record high price. The left chart is the daily chart for gold. Note the explosion of volume higher for the past several days as funds buying has reached mania proportions. Also note that prices broke firmly through the magenta trend line yesterday, and then again today. The right chart is the 2 hour chart, and shows the exploding price over the past few days. Virtually ever class of commodity has moved significantly higher in recent days. Gold had been the lone hold-out -- until today!