Flight To Safety

Posted by Marcelo Perez

Gold prices hit a 7-month high today, touching $970 an ounce, as investors seek a safe haven from a plunging market that seems poised to retest their November lows. Persistent economic worries and news of another multi-billion dollar fraud scheme are driving up the prices of precious metals and US treasuries, in an apparent and widespread flight to safety.

Gold ETF (IAU)

US 1-3 Treasuries ETF (SHY)

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2 Responses to “Flight To Safety”

  1. [...] [Technorati] Tag results for commodities wrote an interesting post today onHere’s a quick excerpt Gold prices hit a 7-month high today, touching $970 an ounce, as investors seek a safe haven from a plunging market that seems poised to retest their November lows. Persistent economic worries and news of another multi-billion dollar fraud scheme are driving up the prices of precious metals and US treasuries, in an apparent and widespread flight to safety. Gold ETF (IAU) US 1-3 Treasuries ETF (SHY) [...]

  2. [...] Feb. 17 - Flight To Safety [...]