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Politics : DON'T START THE WAR
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To: louisebaltimore who wrote (5418)2/5/2003 11:39:27 AM
From: zonder  Read Replies (1) of 25898
 
If you heard someone saying market went down, USD went down, and gold went up, he is lying my dear :-)

Markets move higher as Powell makes case for war by Rex Nutting
U.S. stocks moved higher Wednesday as Secretary of State Colin Powell spoke to the U.N. Security Council about Iraq's failure to disarm. Powell presented evidence from satellite photos and intercepted phone calls showing that Iraq has embarked on "a deliberate campaign to prevent any meaningful inspections" of its weapons programs. Powell said Iraq faces the "serious consequences" that were promised by the Security Council in November if it did not cooperate. Stocks gained about 1 percent, while gold futures tumbled nearly $6 to $379. Oil futures held firm. The dollar strengthened against the euro.

11:01AM Gold futures fall as Powell speaks ($XAU, $GOX, HUI) by Deborah Adamson
Gold futures are falling $2.40 to $377.50 an ounce as U.S. Secretary of State Colin Powell outlines the case against Iraq before the U.N. Gold stocks are declining as well, with the Philadelphia Gold and Silver Index ($XAU) and the CBOE Gold Index ($GOX) down by nearly 2 percent. The Amex Gold Bugs Index (HUI) is down 1.6 percent.

If you think this combination (gold down, USD up, market up) means MORE chance of war rather than LESS chance of war, I really don't know what to say to you....
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