Flight To Safety
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)

- February 17th




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