The Learning Curve

New tricks for an old dog.

The Panic Index – Gold Prices August – September, 2012

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This graph is taken from GoldPrice.org, and it is of the U.S. gold spot market from near the end of August, 2012 to September 19, 2012. The obvious spikes in gold prices are on the following dates and correlated events:

August 31 – The end of the Republican National Convention

September 7, 2012 – The end of the Democratic National Convention

September 12, 2012 – Widespread protests and violence in the Middle East

What does it all mean? I don’t know. I have no inside knowledge of the U.S. gold market, except that people with money tend to buy gold when they get scared.

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Written by Tom Fox

09/19/2012 at 4:13 pm

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