Not only foreign currencies enjoyed Goldman Sachs’ speculation about the new trillion dollar printing scheme – also precious metals, rallied. Gold reached new uncharted levels and also silver advanced forward. When there’s talk about printing more dollars to stimulate the economy, the dollar weakens as too many dollars make the currency worth less. But for some people, other paper currencies aren’t enough and there are more real “safe haven” assets: Gold and silver had monetary value in ancient times, and times of trouble, they rise. The price of gold crossed the $1265 peak reached in mid-June and peaked at $1274.47 before easing just under $1270. Silver gaining traction Naturally, the focus is on gold, but also the price of silver is advancing. After flirting with the psychological $20 number in the past week, today’s news completed the break higher and it peaked at almost $20.50. It now trades at $20.43. Silver still isn’t at an all-time high. The highest level was recorded on March 17th 2008 – $21.34. This level, now less than a dollar away, is the key level to watch. A break above this figure will open the road to more significant gains. In times of trouble, “paper gold” or “paper silver” aren’t enough for worried people – they prefer real gold. 4 months ago, I reported about the launch of Gold ATMs – automatic vending machines that sell physical gold. A look through the German company’s website doesn’t show any progress since then. But maybe now they have a chance of extending their business. The speculation of a one trillion quantitative easing scheme by the Federal Reserve in November might be addressed at the upcoming FOMC meeting next week. We’ll see if the economy is indeed doing so bad. According the recent Non-Farm Payrolls, there is hope. The notion of the moment is that the dollar is worth less – against other currencies and against solid gold and silver. This notion won’t necessarily continue. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Daily Outlook – September 15 2010 Anat Dror 12 years Not only foreign currencies enjoyed Goldman Sachs' speculation about the new trillion dollar printing scheme - also precious metals, rallied. Gold reached new uncharted levels and also silver advanced forward. When there's talk about printing more dollars to stimulate the economy, the dollar weakens as too many dollars make the currency worth less. But for some people, other paper currencies aren't enough and there are more real "safe haven" assets: Gold and silver had monetary value in ancient times, and times of trouble, they rise. The price of gold crossed the $1265 peak reached in mid-June and peaked at $1274.47… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.