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To: Sober who wrote (55183)8/21/2007 3:59:37 PM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
I have been playing against the dollar the last five years or so by going into non-dollar stocks for the majority of my portfolio. Unfortunately those markets are vulnerable to US fund selling too, but so was gold this last time around.

I would rather hold companies with operations I understand than a metal whose value is completely subjective on the spot market.



To: Sober who wrote (55183)9/7/2007 1:23:52 PM
From: SoberRespond to of 118717
 
Looks like the move into more gold a few weeks ago was a good choice, at least for now....

SAN FRANCISCO (MarketWatch) -- Gold futures rallied Friday, sending their benchmark contract past $716 an ounce to levels not seen in more than four months as an unexpected decline in nonfarm payrolls for August buoyed demand for the precious metal, setting prices up for a weekly gain of almost 5%.
"Long-term investors are piling into gold, gold producers are buying back their hedges and the funds are going with the flow," said Julian Phillips, an analyst at GoldForecaster.com. "It looks like the see-saw has tipped in gold's favor."
Against that backdrop, gold for December delivery rallied $8.40, or 1.2%, to $713 an ounce on the New York Mercantile Exchange. It climbed as high as $716.50, the contract's strongest intraday level since April 20.
The contract closed at $681.90 a week ago, so it's trading more than $31 higher for the week.

Sober