Silver, the precious metal that is overshadowed by gold, reached a record high. It closed at $29.39 per ounce, above the previous intra-day peak of $29.34 reached the beginning of November. It then made only a swing high and fell back down under $28. Now we have a decisive close, touching $30. Silver isn’t used only for… silverware, but also as an alternative to gold. And speaking of gold, it also made a record close at $1413.69, though not a record intra-day high. The intra-day high of $1424 was reached a month ago. Jean-Claude Trichet dipped into the waters of currency printing, buying bonds of peripheral European countries in big amounts. Ben Bernanke said on 60 minutes that further dollar printing can happen, beyond $600 billion. It might be an extension of QE2 or QE3. Quantitative Easing is a nice name for currency printing. When there’s too much of currencies, traders are flocking to ancient currencies – gold and silver coins. China is the busiest country regarding precious metals – they are importing gold and calling the US to sell its gold. The Australian dollar is enjoying these high prices and is approaching parity with the US dollar once again. Will the ride continue, or are we seeing a bubble? 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 Bits share Read Next AUD/USD Outlook – December 6-10 Yohay Elam 12 years Silver, the precious metal that is overshadowed by gold, reached a record high. It closed at $29.39 per ounce, above the previous intra-day peak of $29.34 reached the beginning of November. It then made only a swing high and fell back down under $28. Now we have a decisive close, touching $30. Silver isn't used only for... silverware, but also as an alternative to gold. And speaking of gold, it also made a record close at $1413.69, though not a record intra-day high. The intra-day high of $1424 was reached a month ago. Jean-Claude Trichet dipped into the waters of… 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.
