Gold Futures Break $2,800 For First Time In History

Another day, another new all-time record high in the gold price.

Somehow after years of frustration for gold and silver investors, now it’s become almost passé to see gold set another record price almost daily.

Gold was trading $19 higher on Wednesday afternoon at $2,799.60, although silver didn’t respond, and was actually down 52 cents to $33.92.

We haven’t seen that kind of divergence between the precious metals very often, and conversations I’ve had with traders today suggest the possibility of unwinding of gold and silver pair trades.