The Golden Path
The Gold rally had been fueled, in part, by the apparently
never-ending stream of reports of the Mortgage/Credit Sector fiasco, higher
energy prices, poor jobless claims, and generally higher commodity prices
nearly across the board. The U.S Dollar has been getting crushed over the past
seven months despite efforts from the FOMC to stabilize the economy, which
perhaps may work itself into supporting the US Dollar.
If you like to trade volatile and choppy markets the Gold
market is your dream come true. It has certainly become a true World market
with the insertion of an ever growing middle class in
During the past month the Gold has sold off. In my opinion,
much of this selling pressure has been due to an overbought market, lack of new
buying momentum, and of course -profit taking. But in my opinion nothing has
really changed. High energy prices persist, in fact Crude oil is trading at all
time high levels. There is still a severe problem in the Mortgage, Housing, and
Credit sectors. So why is Crude oil trading at all time highs while gold is
trading under $900.00? Since they are both "anti Dollar" they should be running
together!
In my opinion the FOMC is selling Gold to inject cash to
support the Dollar, and I still feel the U.S Dollar is being supported on a
very weak foundation. The past seven months have been incredible and in my
opinion the Gold rally is more than justified.
Mike Daly
Futures trading involves substantial risk and is not suitable for all investors.
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Dear Sir or Madam,
It is with great interest that we visited your website and we suggest you to expand it with 24hGold’s free services.
24hGold.com gives you the opportunity to integrate free charts (Gold, Silver, Raw materials, Currencies and Market Indices) or a RSS feed with information, editorials and news releases in your website.
- For the charts, you just have to choose on this page the data source, type and size and to copy the code to your website : Free charts
- For the RSS feed, you just have to compile its content and to integrate it in your web page using the functions of this page: RSS feed
Our RSS feed is in continuous and real-time update twenty-four hours a day, seven days a week.
Don’t hesitate to contact us for any further information or for help in the setting up of those services.
Best regards,
Eric Lemaire
Editor
partners@24hgold.com
PS: You can find Gold and Silver charts in 7 currencies through the following link:
Gold & Silver Charts
------------------------
This mail is not a spam. If you don’t want to receive any more emails from 24hGold, just reply to this email with REMOVE.
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