Gold prices held up well despite the attack. At Comex close the gold price was down 20 cents to USD978.60. Looking at their charts today I gasped to see what had before been unclear to me: gold prices appear to have begun not just a small, but a huge rally. It would take closes below USD920 to persuade me otherwise.

It's barely possible that the next few days will see a correction before silver and gold take off again, but once they breach USD980, they'll never look back.

Public Bank Gold Investment Account as at 01/06/09 3:50 PM

Selling PriceBuying Price
1 gramRM 112.7200RM 108.3400

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