AP: Gold, silver prices leap as stocks start big sell-off
DUBAI (ARABIAN MONEY) -
Gold and silver prices rallied sharply yesterday to close the week at $1,179 and $18.69 while US stocks fell by the most since January with the Dow Jones off 158 points at 11,008 and the S&P off 50 points at 1,186. Chartists see gold on its way back to the high of $1,226 set earlier this year and for silver to pass $20 an ounce again. The performance of precious metals in this sell-off could be very different from late 2008 when gold and silver prices also fell dramatically.
Bonds in trouble
The reason is simply that investor confidence in the bond market is not what it was then......
