Welcome to the SkyHarbour Resources LTD Hub on AGORACOM

Skyharbour Resources Ltd. is a uranium and precious metal exploration company actively involved with the development of projects in one of the most active uranium exploration regions in the world, the Athabasca Basin, Saskatchewan.

Free
Message: Gold and the US DOLLAR

...



Gold vs US DOLLAR

in response to Re: Could be worse by cadaval
posted on Feb 18, 09 01:34AM

Maybe it's just me.. Maybe I need new glasses.. but it appears I am looking at a US Dollar lately, gaining a little ground at the same time as the US dollar price of gold is climbing higher..

Tonight.. /.mmmm .. this morning Gold is quoted at $1228.16 CDN per Ounce..

Another new CDN $ high again ...and IMHO, if this trend continues much longer, ...... I might just be a little more..., Yes, a little more bullish for a "Golden Future."

Shall we also suspect / expect that... any US retreating dollar from this present $1.2637 level against CDN Dollar. should / could also produce the same effect for GOLD ??? I tend to think that many might agree.

I believe, perhaps, that we are seeing the stars changing their positions... and now being lined up for a much more favored bullish position in regards to precious metals..


Indeed, we could come to yet realize.... the true meaning of "PRECIOUS METALS"

Does anyone else see this picture ???


Feb 20, 2009 06:27AM
Share
New Message
Please login to post a reply