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Strategies & Market Trends : Ride the Tiger with CD

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To: Proud Deplorable who wrote (54603)	6/15/2006 12:33:48 PM
From: russet	Read Replies (1) of 313121

This news release clearly shows the aliens will trade in their gold for anything over 5% fiat interest,...bastards! NP/wire say Kinross, rivals see gold slip on rate fears 2006-06-15 09:27 ET - In the News Also In the News (C-ABX) Barrick Gold Corp Also In the News (C-G) Goldcorp Inc (2) The National Post reports in its Thursday, June 15, edition that gold fell for a seventh session Wednesday. A Bloomberg News dispatch to the Post reports the seven session consecutive decline matches the longest slide since July, 2004. Bloomberg says gold is sliding on concern the Federal Reserve will continue to raise interest rates. Higher rates will erode the appeal of the precious metal as an alternative to U.S. stocks and bonds. "As long as we continue to see inflation, the Fed is going to continue raising rates," said Leonard Kaplan, president of Prospector Asset Management in Evanston, Ill. "Money will fly in from the moon for anything over 5 per cent. There's no reason to hold gold. The market isn't done on the downside." The metal is down 23 per cent from a 26-year high last month. Comex gold closed Wednesday down 20 U.S. cents at to $562.30 (U.S.).

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