Posts by Eric McWhinnie - Wall Street Cheat Sheet:

Here is why gold is the commodity above all others

On Tuesday, the Dow (NYSE:DIA), S&P 500 (NYSE:SPY), and the Nasdaq (NASDAQ:QQQQ) all managed to save a little face as Ben Bernanke reassured markets of more cheap money for at least another two years. Although equities and commodities (NYSE:RJI) have been witnessing a selloff over the past few days, gold (NYSE:GLD) has remained strong. Comex December gold futures reached a new high of $1782.50 on Tuesday.