Agoracom Blog

Gold Hits New All-Time High – Grandich Says Close Above $1,070 Is Bullish

Posted by AGORACOM at 12:31 PM on Tuesday, November 3rd, 2009

Gold is absolutely breaking out today.  I can talk about it but a chart is worth 1,000 words … or $1,078 per ounce.

[Most Recent Quotes from]

[Most Recent Quotes from]

Members of AGORACOM know we’ve been calling for this kind of action for a couple of years now.  Hence, why I started my Gold $1,000 blog posts.  If you’re now a believer in gold, make your way over there to find out about great gold companies and other commentary.

More importantly, AGORACOM Chief Commentator, Peter Grandich has been calling this gold breakout for several hundred dollars now.  He has been unwaivering and uncanny.  In our most recent Friday night show, he stated that $1,020 or $1,070 were buy signals for him … and here we are less than two trading days later.

In a post made just a few minutes before this one, he stated:

In the face of a rising U.S. Dollar and a vast majority of either outright bearish
or weak-knee bulls, gold has just vaulted up to a new, all-time nominal high.
The fact that India has already bought half of the entire amount of gold the IMF
is selling is definitely a major plus.

The bears are in big, big trouble.

For those of you that are yet to discover Peter Grandich and his uncanny market calls, just click here to be taken back to his home page.  His calls have earned his numerous appearances on CNBC, Fox, BNN,Wall Street Journal, and every other major media source in North America, so you should take the time to read what he has to say.

Finally, if you need one place to keep up with a consolidated view of Spot, 24-hour, 30-Day and 1-Year gold prices, make sure to visit and bookmark our gold price page.


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