the market: currencies, gold, silver, oil

  1. 22,691 Posts.
    Gold stocks moved down partly due to increased costs of mining. Hower, the Canadians have been moving upward over the last couple of days. Aussie gold stocks went down yesterday.

    I read an article which referred to the FED manipulation going on, whenever they were selling treasuries. Obviously a higher USD and a low gold price helps the sale process of the Bonds.

    We had a sale a couple of days ago; now gold is recovering and the USD is getting a knock: 83.95 Euro 1.295 Gold 429.9 (+2.4) Silver 7.02 Oil moving up: 50.55


    NY gold bounces to firm close, eyes Friday's data
    http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=8389856


    Stephen Roach: Trapped.
    http://www.morganstanley.com/GEFdata/digests/20050502-mon.html


    Kenneth J. Gerbino
    GOLD MINING STOCKS: WHAT IS HAPPENING NOW
    http://www.gold-eagle.com/editorials_05/gerbino050305.html


    Mike Hartman: Market wrapup
    http://www.financialsense.com/Market/hartman/2005/0427.html

 
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