Gold is up around 35 this past week on news of Middle East tensions and escalating oil prices. We may turn around next week this time and see it over 700 and marching upward with a vengeance.
I see plenty of critics about gold on this forum but for the last two thousand years it has been highly desirable when the Four Horsemen start riding. On Monday things will either be better or they will be worse in Lebanon when the New York trading starts -- a big move in early Asian trading could set the tone for a record day.
HG
To: DebtAndDelusion
I suppose a lot of gold's criticisms come from the fact that gold is always going up, even when it is going down.
2 posted on
07/15/2006 8:58:24 PM PDT by
coconutt2000
(NO MORE PEACE FOR OIL!!! DOWN WITH TYRANTS, TERRORISTS, AND TIMIDCRATS!!!! (3-T's For World Peace))
To: Jeremiah Jr; the-ironically-named-proverbs2; Lijahsbubbe; aculeus; dighton
1 Kings 10:14 Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold ping.
3 posted on
07/15/2006 9:04:37 PM PDT by
Thinkin' Gal
(As it was in the days of NO...)
To: DebtAndDelusion
4 posted on
07/15/2006 9:14:08 PM PDT by
jwalburg
(It wasn't the Executive that Thomas Jefferson referred to as "the Despotic Branch.")
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