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Message: Gold

Gold

posted on Feb 16, 2010 04:08AM

At about 4 AM Gold is $1,116.30 . . . or up $26.30 at Bloomberg.
http://www.bloomberg.com/markets/commodities/cfutures.html So, we'll see what things are like later today.

Gold Advances a Second Day as Weakening Dollar Boosts Appeal
http://www.bloomberg.com/apps/news?pid=20602013&sid=aun83PzHUA0Q

“It will be the U.S. dollar play that will affect commodities,” Barratt said by phone today. “If we get a relief from the EU, in terms of a solid outcome then we’ll get a rally in the euro and obviously that will cause weakness in the U.S. dollar,” making precious metals more attractive to investors, he said.
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One fellow claims gold will increase 15 percent this year . . . to me, that's kind of a bearish view, but, I guess, to each their own idea!

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