Gold hits 5-wk high, trade deficit hits $60 bln -
July 12 --
americano that may be the case? -
RE: Some body manipulated the price to 666 on friday -
the 13th :) maybe an accident maybe not -
[Au fiatz$666.00/oz and Au for 888 times -
stamp-milling out 666 this year?] - when done -
Mother Au of PM's gone fly -
Gold futures rose more than $6 an ounce Thursday,
to close at their highest level in five weeks,
as the dollar touched new lows against the euro
and the British pound and as oil prices remained high.
Gold eases on 13th day, up more than $12 for week
July 13 --
Gold futures closed lower Friday, but ended the week
with a gain of almost $13 an ounce as overall weakness
in the U.S. dollar and strength in oil prices
underpinned demand for the precious metal.
Gold for August delivery closed at $667.30 on the New York
Mercantile Exchange, down $1 for the session.
The contract, however, gained $12.50, or 1.9% for the week.
"Having gold end the week holding its gains is a good signal
for next week's trading," said an analyst.
"Upside bias should prevail under continuously strong oil
prices and a U.S. dollar hanging on for dear life at
the massive support below.
Gold could potentially have another great week ahead,
although a rebound in the U.S. dollar along with a falling
oil price could damper prospects," he warned in e-mailed
comments.
"Otherwise talk of $700 shall reemerge.
From a technical perspective, the Dollar Index
is teetering at massive support," he said.
"Should there be a failure of support, the selling
is likely to accelerate and investors will
flock to precious metals."
The nation's trade deficit reached $60 billion in May,
on record trade flows across U.S. borders to meet
rising demand at home and abroad,
the Commerce Department reported.
Gold Forming Uptrend -
is gold forming an uptrend 2nd bull wave? -
Gold Second wave LT trend started -
of the 5-wave Elliott pattern -
if so isn't now the time to load up on Goldcorp -
and other gold stocks? -
Well Swiss America funds - on the above chart -
predicting the Gold bullion - the 2nd Gold LT bull wave -
to go to about $2,750.00/oz -
well I agree that in the past, when Gold bullion doubled
in price -
the major Gold miners often did much better and
the share prices often tripled to much higher -
still Gold at $2,750.00 complete the 2nd wave -
but its 5-wave in Elliott pattern -
still 3-wave of LT Gold
bull to go -
goldcorp.com
Imo. Tia.
In God We Trust -
God Bless
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