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home / news releases / UGL - Gold To New Records As Market Maker Bullion Bank Fails


UGL - Gold To New Records As Market Maker Bullion Bank Fails

The run to all-time highs in gold is getting very close now, measured in weeks. Gold futures, the fall of a major bullion bank, and very bullish price action in the gold mining sector all point to an imminent upside jolt in gold prices up to, and perhaps even past, records in dollars. Gold is already comfortably past all-time highs in Swiss francs, euros, yen, Chinese renminbi, and pounds. The only laggard is the US dollar. The chart below show gold priced on different currencies since the September 2011 highs.

Data by YCharts

Gold has

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Stock Information

Company Name: ProShares Ultra Gold
Stock Symbol: UGL
Market: NYSE

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