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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (33024)	8/12/2005 7:29:13 PM
From: Dennis O'Bell	Read Replies (1) \| Respond to of 361313

You can't get SSGRX any more, unless you already have it. I sort of had my tongue in my cheek because of that little "problem", but as long as the chimp hasn't been impeached (and no doubt well beyond as the damage being caused continues), it's a good sector to bet on. ENPIX is another fund that is still available and doing well; thanks for your other two suggestions.

To: Knighty Tin who wrote (33024)	8/13/2005 5:11:57 PM
From: stockman_scott	Respond to of 361313

NY gold futures end at 8-mo. high as rally extends _______________________________________________ NEW YORK, Aug 12 (Reuters) - U.S. gold futures edged up to close at their highest level in eight months on Friday, as the mixture of dollar weakness and crude oil at $67 a barrel drew investors to alternative assets like the precious metals. News of a 6.1 percent rise in the U.S. trade deficit in June after the gold market opened prompted a flash of buying as the dollar eased, but futures later trimmed back their gains amid some scattered profit-taking. Gold for December delivery on the New York Mercantile Exchange climbed 50 cents to $451.40 an ounce, the loftiest close on rolling spot basis since December 2004, when the active contract neared $460 -- a then 16-year high. "The momentum players are back in gold," said George Gero, senior VP at Legg Mason Wood Walker, referring to the market heavyweights, the commodity funds. Gero said that fund-type accounts were massive buyers of gold at the futures pit at the exchange on Thursday and they continued to aggressively take more offers from floor brokers on Friday. Final estimated COMEX gold volume was a relatively brisk 60,000 contracts, versus Thursday's huge turnover of 102,013 lots. As trader participation surged with Thursday's rally in the gold market, COMEX open interest shot up a stunning 24,043 contracts to hold at 314,035 lots as of Aug. 11. Independent analyst Greg Weldon said he saw potential for a big wave of money inflow that could drive gold toward $500, if the dollar selling as well as buying of commodities seen over the last day continues. "Investors remain heavily underweight the precious metals sector" relative to other assets like paper currencies or energy, said Weldon, who publishes the Metal Monitor report. Gero said, however, that despite an upbeat outlook for gold, he was wary of further gains coming immediately on the heels of recent gains. "You've got all the bullish news that you could possibly want, but there's bound to be a surprise around the corner," he said, suggesting such potentially bearish developments as a retreat in oil prices, more central bank gold sales, or a shift in U.S. Federal Reserve monetary policy. Meanwhile Friday, the U.S. trade gap flared to $58.82 billion in June, from $55.43 billion previously, and above forecasts for a rise to $57.3 billion. Stronger oil prices that month boosted imports and a firm dollar crimped demand for U.S. exports. The euro gyrated on Friday, failing to hold at a more than two-month high against the dollar at $1.2486. It last was quoted at $1.2437. A weak dollar usually lifts gold as the U.S. currency-priced metal gets cheaper for non-U.S. buyers. U.S. light crude surged to its highest on record at above $67 a barrel as investors fretted over the world's strained capacity to refine and pump crude oil [nSP249131] Gold tends to benefit from rising oil as the prospect of inflation prompts some investors use gold as a hedge. Spot gold was up $1 on the day, last fetching $446.30/447.10, compared with Thursday's late New York quote at $445.30/446.10. COMEX September silver fell 9.3 cents to end at $7.09 an ounce, trading from a one-week high at $7.255 to 7.065. Spot dipped to $7.06/09, from $7.15/18 Thursday. In the NYMEX metals, October platinum ended $3.50 higher at $923.20 an ounce -- its highest since January. Spot platinum brought $913/918 an ounce, off from a 15-month high at $923. September palladium fell $2.95 to end at $185.55 an ounce. Spot was worth $186/190.