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The bull market in gold is maturing and could peak above $1,300
20 hours ago ago from www.puntercalls.com
The bull market in gold is maturing and could peak above $1,300 an ounce next year, before a stronger US dollar from higher interest rates forces a retreat, Morgan Stanley said on Wednesday. The Wall Street bank forecast a base price of $1,200 for gold in 2010, up 20 percent from previously, and $1,125 in 2011, up 7 percent from earlier. But it also reduced price projections for 2013 and beyond, saying the prospects of a rising dollar ...
Related contentEuropean Consumer Prices Rise Less Than Estimated
16 hours ago ago from Business news
European consumer prices rose less than initially estimated in November as lower food and housing costs offset increases in alcohol and transportation. Prices in the 16-nation euro region rose 0.5 percent from a year earlier after falling 0.1 percent in October, the European Union statistics office in Luxembourg said today. While that was below an initial estimate of 0.6 percent published on Nov. 30, it was the first annual ...
Related contentGold Alert – $100/$1,000 May The Risk/Reward Be With You
6 hours ago ago from Grandich's Blog
December 17, 2009 6PM EST Gold $1,096 For those interested in gold, keep $100/$1000 in mind. I believe these figures are the risk/reward for gold going forward. The downside worst case scenario is $1,000 and best upside potential is $2,000. I became bullish on gold back in March of 2003 with gold not too far away from $300. I’ve maintained an aggressive position in it albeit on a few occasions calling for a serious correction. ...
Related contentGold Price At Highest Levels For Thirty Years
22 hours ago ago from The Fashion Blog
Gold is one of the most precious metals in the world, and has always been a symbol of wealth, and luxury. Apart from jewellery, it has been used for many other purposes such as in gold coins, dentistry, and biology, and manufacturing. Gold fetches a high price in the market, and the rate of gold is an important part of the economy of our world today. Gold is a popular investing option for many investors. Throughout history, people are ...
Related contentOne more Dance before Midnight Strikes
21 hours ago ago from The 21st Century World
“As the old saying goes, what the wise man does at the beginning, fools do in the end,” said Warren Buffett, at Berkshire Hathaway’s Annual Meeting, in May 2006. “It’s like Cinderella at the ball. You know that at midnight everything’s going to turn back to pumpkins and mice. But you look around and say, one more dance, and so does everyone else. Everyone thinks they’ll get out at midnight. The party does get more fun, dance partners get ...
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Gold plummets nearly 3%
15 hours ago ago from CNN Money
TRADING CENTER Gold plummets nearly 3% By Ben Rooney, staff reporter December 17, 2009: 1:08 PM ET NEW YORK (CNNMoney.com) -- Gold prices plunged nearly 3% Thursday as the dollar surged against the euro on concerns about the economic health of certain European nations. February gold was down $29, or 2.6%, to $1,107 an ounce after falling to a low of $1,101.6 an ...
Related contentGold Futures Fall 1.5% as Dollar Rallies - FOXBusiness.com
19 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Energy Thursday, December 17, 2009 Gold Futures Fall 1.5% as Dollar Rallies  By Polya Lesova MarketWatch Pulse  FRANKFURT--Gold futures ...
Related contentAsian Resources Slip
4 hours ago ago from Wall Street Journal
SINGAPORE -- Asian share markets Friday were lower after Wall Street fell and as resource stocks slipped on weakness in gold and base metal prices. "The momentum appears to be petering out in recent weeks as U.S. economic numbers are still showing signs of pockets of weakness; there are also concerns on the withdrawal of economic stimulus and the potential destabilising effects," said OCBC Investment Research in Singapore. ANZ bank senior ...
Related contentDollar Strengthens, but Wall Street Falls
15 hours ago ago from The New York Times
The dollar climbed to a three-month high against the euro on Thursday, as equity markets declined on a weaker-than-expected report on jobless filings and concerns over foreign debt. Losses in the financial sector also helped drag shares lower. Citigroup 's stock fell nearly 7 percent after the Treasury Department said it would delay plans to begin unwinding its stake despite the bank's desire to free itself of government support . The ...
Related contentMarkets Fall on Fed Comment but Dollar Strengthens
19 hours ago ago from The New York Times
Wall Street extended its decline on Thursday after an unexpected rise in new jobless claims suggested continued labor market weakness. The Labor Department said that the number of new jobless claims rose to 480,000 last week, up 7,000 from the previous week. The dollar, however, strengthened to a three-month high against the euro . In early trading, the Dow Jones industrial average was down 59 points, or 0.6 percent. Standard Poor's ...
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