Gold And Other Commodities Are Going Bananas — There Are Two Theories About Why

Gold and other commodities are surging today.

Gold in fact just hit its highest level since November of last year.

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Photo: Kitco

Two theories about why:

One is that Dovish Chicago Fed President Charlie Evans was on CNBC talking… dovish. He didn’t say anything out of character, so that’s kind of a weak explanation.

Another explanation comes from Dave Lutz of Stifel, who says…

“Talking to guys in Chat Rooms on this – Seems driven by a Reuters report that France, Germany and Poland determined to swiftly establish a banking union – EU fins ripping”

There you go.

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