The COMEX Dec. Gold futures contract gained $4.10 Monday at $754.10, trading earlier between $747.80 and $755.70.
Oct. 1, 2007 -
Gold closed higher in New York on Monday despite a strengthening
dollar and weaker crude oil, as U.S. stocks rallied while
platinum rose to a near-record high on robust
investment demand.
Gold fell in early sessions as the dollar rebounded and
crude declined. But the metal recovered as the session went on.
The metal has hit new highs four times in less than two weeks.
Frank McGhee, head precious metals trader of Integrated
Brokerage Services LLC in Chicago, said gold was
undergoing consolidation early on Monday.
"The one potential negative is that there is not a lot
of physical, industrial gold moving," McGhee said.
McGhee said investment demand has driven gold's strength.
"If we consolidate here for a bit, the cash (physical)
market will catch up," he said -
Play it safe and stay in Gold mining -
Politicians can't stand seeing the value of their own
home dropping ever month,,,, they will stimulate and
when that doesn't work they will stimulate some more,
again and again and again---until we go over the cliff
into hyper-inflation.
ex.
news.bbc.co.uk
GOLD the real value about fiatz$35,000.-/oz today....
siliconinvestor.com
Got NXG Gold Mines Safety -
The Largest Gold Producer in BC -
The lowest cost Gold Producer in the mining industry -
northgateminerals.com
Imo. Tia.
God Bless
siliconinvestor.com
siliconinvestor.com
siliconinvestor.com |
