From GoldCore
Gold and Silver Reach New Record Nominal Highs – Little Coverage, Bearish and Superficial Analysis
Gold and silver have reached new all time and 31 year record highs in trading in London this morning.
Silver is particularly strong and the euro particularly week on sovereign debt contagion concerns.
Inflation and sovereign debt fears are leading to continued safe haven demand. It is import as ever to note that the record highs are nominal highs and inflation adjusted gold and silver remain a long way from their respective highs of $2,400/oz and $140/oz in 1980. These inflation adjusted highs remain viable long term price targets.
