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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (420792)9/29/2008 4:09:52 PM
From: tejek  Respond to of 1575290
 
Yay! My DXD and GLD are skyrocketing. With Bush in charge, just bet against America. It's a no-brainer.

My DUG is up $7.

Even if the deal passes Ted, we ain't sabed.

No kidding. I have been saving that right along. However, if the plan is not passed, there is a good chance we will experience a severe recession or even a Depression.



To: bentway who wrote (420792)9/30/2008 2:46:45 AM
From: Proud Deplorable  Respond to of 1575290
 
SPDR Gold Trust holdings surge 30 T on Monday-source
30/09/2008 2:41:44 PM

KYOTO, Japan, Sept 30 (Reuters) - Gold holdings by the New York's SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, jumped by around 30 tonnes on Monday, the second-biggest one-day rise ever, an industry souce said.

Total holdings jumped to over 750 tonnes, which appeared to be a new record high, and have climbed around 130 tonnes since mid-month as investors flock to bullion for security as the financial crisis threatens to worsen, said the source, who was familiar with the figures.

The rise was the second-highest one-day gain since the ETF was launched in 2003, rivalled only by the roughly 37 million tonne increase on Sept. 17 when spot prices surged, the source said.

Spot gold prices rose about 2.5 percent to just over $903 an ounce on Monday, its highest close since early August, after U.S. lawmakers rejected a $700 billion bailout plan for the financial industry, sending a shockwave through markets.

The trust, which is due to release official figures on investment inflows later on Tuesday, issues securities backed by gold, offering retail and other investors easier access to bullion, which is normally traded on a spot or futures basis. (Reporting by Jonathan Leff; Editing by Ben Tan)