Hot! The Price of Gold Has Broken Out

Seeking Alpha | In August 2011, gold broke out to new highs of over $1,900 per ounce. What a ride from November 2008 when gold rose from above $700 to August 2011 with gold at $1,900. Gold remained in an unbroken channel moving ever higher, until near the end of its run, it burst out with a fresh jolt of energy and broke out above its channel to exhaust itself by reaching its high above $1,900.

Since August 2011 for a full year, gold meandered downward, essentially staying within the band of $1,500 to $1,650. As it fell, the lows got lower and the highs of each re-bounce got lower. Whether the news was positive or negative, whether currency was being printed in greater or lesser amounts, gold remained within this downward channel.

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A look into Bangkok’s gold stores:


US Lawyers Bangkok
Chaninat & Leeds is a US-Thailand law firm located in Bangkok, Thailand and is staffed by licensed Thai attorneys and licensed US lawyers.

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