Gold is up, no doubt !

My gold and silver investment have both been going up a fair bit the last few days because of the Northward moves of gold.

In fact, I have no clue of the recent gold price increase. But, let us check on some of the news to find out why ?

The gist of it (source from Bloomberg.com) :" Gold generally moves in the opposite direction of the dollar. The U.S. currency fell to a record against the euro yesterday on speculation that interest rates will rise faster in Europe after Federal Reserve Chairman Ben S. Bernanke scaled back forecasts for U.S. economic growth."

Read the full article from here -> Gold, Silver Prices Climb for Second Day on Dollar's Slump .

When I first started investing gold, $US was 90 euro, today I see it going to break 80's going 70's. I wonder if there is truth founded in this article : The US Dollar: On the Edge of the Abyss.

Is US facing an economic recession?


Both US$ tank and crude oil price increase are both indicators why gold is going up so much this day.