For the first time in nearly a decade, the gold price has hit a new all-time record.
Futures contracts for delivering gold in August shot up 2.1% to $1,938.10 a troy ounce, topping the previous intraday peak of $1,923.70 from September 2011.
Given the mad Federal Reserve money printing, I am advising EPJ Daily Alert subscribers that the advance in gold is far from over.
Silver is also on the run.
Silver futures for September delivery, the most widely owned contracts, are up 6.6% this morning to $24.36 an ounce, the highest level in almost seven years.
-RW
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