(Kitco News) - "The amount of money coming in to the space overwhelming the good companies, and [the money] is going everywhere," said Brent Cook talking about some of the remarkable run ups in the past weeks.

(Kitco News) - Precious metals continue to power higher. During the week gold hit a record high of $2,078 an ounce, using October Comex futures. High metal prices are attracting more sector investment.

(Kitco News) - Horwitz said he was short platinum until about three weeks ago. He is forecasting the metal to hit $1,100 or $1,200. As of noon ET Friday, the precious metals were selling off: October platinum was trading at $969.10, down 4.42% on the day.

(Kitco News) - Gold prices are higher in early U.S. trading Thursday and pushed to another nearly nine-year high overnight.