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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Zincman who wrote (5584)7/17/2006 9:51:31 AM
From: dara  Read Replies (1) | Respond to of 48092
 
Others agree.

bloomberg.com

Dollar Strengthens to 3 Month-High as Israel Steps Up Attacks

July 17 (Bloomberg) -- The dollar surged to the highest in almost three months against the yen and gained versus the euro on speculation increased violence in the Middle East will stoke demand for assets denominated in the U.S. currency.

Israel stepped up attacks against Beirut today in its biggest military campaign against Lebanon since 1982. Investors typically seek safety by selling risky assets and buying U.S. Treasuries and gold during political upheaval. The dollar extended gains after breaking through key levels that triggered automatic orders to buy the currency.