Gold A Fistful Of Dollars Away From 2012 Highs

At $1787, gold is rapidly closing in on its recent nemesis-like $1800 level as it appears Dalio's 'expected path of least resistance' for Central Banks - i.e. QEternity - is being priced in from a balance-sheet 'stock' perspective (as opposed to equities needing the 'flow')... Just as Bernanke must be hoping, so (real money) hard assets wonder - is fourth time the charm?



Meanwhile, Silver just broke above $35 for the first time in over six months - which takes it to +26% YTD (as both Gold and Silver are beating US and European stocks - both now in line +11.6%)


Chart: Bloomberg