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Gold hits New Highs $1200

Fox Business is reporting gold hit $1200
http://www.kitco.com/charts/livegold.html

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Silver over 19

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What would happen if China sold their people...

fake gold coins? ie gold coins filled with Tungsten powder etc? Could the market for gold be tainted? Could people not only no longer trust paper money but not even GOLD money? Will they be forced to use a CHIP? Think about the fact that the Rothschilds got out of the Bullion business in 2004... why? Why before a lengthy run up? Maybe not to get caught holding the fake goods... What about all the google listings under the search GOLD TUNGSTEN CHINA... for companies in china offering tungsten filled gold coins or jewelry... just posing questions here... What if it is all a ruse to con people into gold only to later jerk the rug our by introducing into people's minds the fallacy that Gold can't be trusted either...
The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

What if you

are an idiot

that sir is debatable...;) the problem is What if I AM NOT?

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

I do not believe it will be easy to strike fine coins from...

a substance of the sort, however I believe that cast pieces would be much more susceptible to this sort of blatant manipulation.

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

SteveMT's picture

I see $1,197.70 at kitco. Dollar down more.

http://www.kitco.com/market/

Dollar Falls as Chinese Manufacturing, Dubai Talks Boost Stocks
By Lukanyo Mnyanda

Dec. 1 (Bloomberg) -- The dollar fell against high-yielding currencies after China’s manufacturing grew at the fastest pace in five years and Dubai said it’s in “constructive” talks with creditors, boosting stocks and paring demand for safety.

The dollar also declined for a second day against the euro as the MSCI World Index of stocks jumped. Australia’s dollar rose against the U.S. currency after the central bank raised its benchmark interest rate for a third straight month. The yen fell against all 16 most-traded peers amid speculation policy makers will try to limit its gains even after keeping rates unchanged at an emergency meeting.

“The risk trade is back on and people are selling the dollar,” said Jeremy Stretch, a senior currency strategist in London at Rabobank International. “The feeling is that the glass is half full rather than half empty.”

http://www.bloomberg.com/apps/news?pid=20602081&sid=ahMP49WC...

Silver at 18.8

.

$

The dollar index is approaching its recent nadir in the low 74's.

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"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Gold hits $1,200/oz, risk

Gold hits $1,200/oz, risk appetite is back and Dollar is down

Tue, Dec 1 2009, 10:43 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – The Gold has rallied today's European session on the back of investor has begun to buy commodities again as the fear on Dubai's fallout has been abated. The XAU//USD has jumped from $1,175.65 support in the Asian session to test the $1,200/oz level in the last hour. Currently the commodity is trading around $1,193.00/oz, 1.20% above today's opening price action at $1,172.42.

After retreating from $1,192 to $1,137 last Friday on the back of Dubai Crisis, investors seems to recover their confidence and a new wave of risk appetite has put the Gold at $1.200/oz today's European session.

According to the Oil N' Gold Team, gold rallies above 1,200 as market's nerve steadies: “Gold resumes uptrend after correction and the benchmark contract surges to as high as 1200.5. After UAE central bank showed support, investors' nerve steadies and realizes the real value of the yellow metal. Apart from ongoing demand from global central bankers, gold usually shines during economic or sovereign instability. As investors seek safe investment, gold should be a good choice besides USD.”

Phil Flynn, analyst at Alaron, comments that all eyes are on the Dubai side: “Dubai World rocks the financial world knocking oil and commodities out of their comfortable trading ranges at least for a day. The sneaky announcement that wanted the Dubai World fund, the country’s sovereign wealth fund, to delay by 6 months the payment on billions of dollars of its total $80 billion debt, caught the markets and holiday vacation traders off guard.
This led to the larger question as to the fall-out from this missed payment and what banks have exposure to it. The other question is whether the United Arab Emirates would step up and bail out the Dubai World fund.”

Australian Dollar ids gaining strength on Tuesday's European session Gold soared to a fresh all-time high; the pair has rallied almost 130 pips from 0.9105 session low, breaking above 0,9195 Monday's high to reach levels arpound 0.9230 at the moment of writing.

EUR/USD has rallied from session loe atrt 1.4970 right ahead of the European opening to levels past 1.5020, to reach prices right below Monday's high at 1.5085 at the moment of writing; 0.5% above the day opening price. GBP/USD has soared about 1.60 pips so far, from 1.6390 session low, reaching levels around 1.6560 at the moment of writing, approaching Monday's high at 1.6595.

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId...

$1199.10 actually. Keep the

$1199.10 actually. Keep the change.

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"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

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