Commodity Chart - Gold Futures: Long Term Chart
Gold Futures Analysis - June 29, 2006
Gold Futures - Leading the charge for the commodities bull market is Gold. The gold market was trading near $250 an ounce a few years ago which was an extreme Low Price. That presented an excellent buying opportunity. about 5 years later, the price spiked to over $700 and now it has consolidated around $590. Nonetheless, it still qualifies as one of our Extreme High Price Commodities to watch. Volatility is sure to be high for the near future, If the commodity market are in for a long-term bull market, I would expect Gold to test the all-time highs around $880.