Today's Major Market Move - Gold Futures Up 16.8% in Past 30 Days

Not surprisingly with all the recent drama in global equity and bond markets, Gold has been the best performing commodity over the past 30 days, gaining 16.7%. Gold is now at new all time nominal highs and getting very close to the high in real terms reached in 1980.

Click on the image for a larger view.Click here to view the above table with the most recent data.
From StockTwits, here's a chart of gold in real terms going back to 1968 (along with the Swiss Franc using a trade-weighted index):

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Anyone who's long gold might be getting worried that this move might be parabolic in nature and a set up for a big drop. But if you look at a chart comparison of gold vs silver, it will become evident that the current move in gold is much more measured.

Click on the image for a larger view.Click here to view the above chart with the most recent data.
Silver spike 50% from the beginning of March to the end of April while over the past 2 months gold is up about 20%. Of course there is always the risk that we enter a "Sell everything..." mode where banks and other institutions scramble for cash with everything and anything they have, including gold. This is essentially what happened at the end of 2008 when gold dropped from $980/oz to $670/oz.