Happy Martin Luther
King Day. Because of the activity in
the markets and the need for so many people to diversify into precious metals,
many of the representatives at Goldline are in the office available to assist
you to take your calls and to provide you with free information today. I will also be doing all of my radio
broadcasts on a live basis as I normally do.
The New York
markets are closed for Martin Luther King Day.
The European markets…
Original Post By Google News by Joe Battaglia
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Gold and silver
posted aggressive gains this morning with gold up $26 and silver up $.56. Both of these markets were higher overnight
and eased back a little on some early profit taking. The up move in metals is largely due to an 84 basis point drop in
the dollar to 83.59. Oil is also
benefiting from the weaker dollar, up $1.15 at $36.55. Mitsui Brokerage forecast gold will reach a
high of $1,105 this year. It has a
rather extreme spread between t…
Original Post By Google News by Joe Battaglia
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Gold is up $1 in
early trading and silver is up $.02.
However, that is substantially below the overnight high, which was more
than $10 higher on gold. Silver traded
as much as $.17 higher. The reaction
upward in gold was due largely to the fact that the European Central Banks cut
interest rates by .50%. Their rate is
now 2%. There were a lot of fears that
they may cut rates a full 1% and that is what had strengthened the dollar so
much over the…
Original Post By Google News by Joe Battaglia
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Posted by in Gold Coins
…We remain fans of gold
We also remain fans of gold in the global reflationary beggar-thy-neighbor policy backdrop - with attendant geopolitical risks. In contrast to other base metals, gold finished the year higher in 2008. And in contrast to equities, gold has rallied now for seven years in a row. Equities in the past decade have generated a negative return in 13%. So, gold is in a clear secular bull market and is just about the only item out there we can point…
Original Post By Google News Merrill Lynch
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Posted by in Gold Coins
…”The past eight years of imperial overstretch, hubris and domestic and international abuse of power…has left the US materially weakened financially, economically, politically and morally,” he said. “Even the most hard-nosed, Guantanamo Bay-indifferent potential foreign investor in the US must recognise that its financial system has collapsed.”
He said investors would, rightly, suspect that the US would have to generate major inflation to whittle away its debt and this dollar collapse…
Original Post By Google News By Edmund Conway, Telegraph
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