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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (64104)	6/8/2010 3:01:19 AM
From: elmatador	Read Replies (1) \| Respond to of 219724

"the much worse is still ahead of us, possibly long ahead, certainly for a long elapsed time, but definitely much worse" Yes the suffering is slow. Perhaps so slow that the future generations will not perceive what they have lost.

To: TobagoJack who wrote (64104)	6/8/2010 10:04:21 AM
From: elmatador	Read Replies (1) \| Respond to of 219724

Gold hits record highs as risk aversion resurfaces, hit a record dollar high above $1,250 an ounce and new peaks in other currencies on Tuesday as concern over Europe's economic outlook lifted risk aversion, reversing early gains for the euro and stock markets. Fears grew over prospects for a European economic recovery after ratings agency Fitch warned the UK faced a "formidable" challenge in its plan to cut government borrowing. Spot gold rose as high as $1,251.20 an ounce, and was at $1,246.45 an ounce at 1137 GMT against $1,238.05 late on Monday. U.S. gold futures for August delivery hit a record $1,254.50 and was later up $7.90 at $1,248.70 an ounce. The precious metal, up around 12 percent so far in the latest quarter, is benefiting from fears the euro zone's sovereign debt crisis may spread, weighing on global economic recovery, analysts said. "It is mainly the fear of another slide into recession which is seeing demand for gold as a safe haven," said Commerzbank analyst Daniel Briesemann. "Gold is currently rising in dollars and in euros," he added. "There is a lack of confidence, given the uncoordinated measures against the sovereign debt crisis, which is obviously (affecting) both currencies." Euro-priced gold also hit a record 1,050.86 euros an ounce, while gold priced in sterling and Swiss francs hit all-time highs of 869.87 pounds an ounce and 1,450.40 francs an ounce respectively. The euro gave up some early gains versus the dollar on Tuesday, having tumbled to a four-year low a day before. Euro zone sovereign debt concerns resurfaced this week after Hungary warned about its deficit on last Friday. <FRX/> European equities also surrendered early gains, giving up nearly 1 percent. World stocks .MIWD00000PUS also fell. .EU Core euro zone debt futures hit a contract high and the premium investors demand to hold 10-year French, Italian and Spanish government bonds rather than German benchmarks rose on Tuesday in risk-averse trading. <GVD/EUR> With the fear factor still dominating the financial