Gold reached a new high on Wednesday 11th November 2009. It’s still holding well. It looks like this rally is down to money supply considerations. If the major central banks decide to raise interest rates then this rally could end. Do you think that this is likely anytime soon? Your call.

Of course, there are many other factors to be considered. Will there be profit taking? This could end the rally. If so, when will we see it? It’s important to keep in mind that US stocks have also done well recently.

Let’s not get over hyped by the current rally. Sometimes it good to take a deep breath and look at the big picture.