Gold Hits Fresh Record vs. Geithner strong dollar

Gold Hits Fresh Record vs. Geithner's "Strong Dollar" as S.African Mining Struggles - Buy Gold Online with the Bullion Vault - GoldSeek.com

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THE PRICE OF GOLD in US Dollars retreated from a fresh 0.7% surge early in London on Thursday, falling back from a new all-time record of $1123 an ounce as Asian stock markets closed the day lower.

Crude oil fell below $79 per barrel – higher by more than 75% from this time last year – while government bond prices rose.

The US Dollar bounced 1% from Wednesday's near-15 month low to the Euro.

Gold priced in both Euros and Sterling rose to fresh 8-month highs, hitting €748 and £677 an ounce respectively.

"Gold is way overbought short term," says Phil Smith at Reuters Technical India, but looking at trading volumes in the US Comex futures market, "the interesting thing to note it the big jump in volume that is powering this latest rally."

Thursday's new record gold price was the sixth in eight trading sessions vs. the Dollar.

Which country has the most gold?

Which country has the most gold? South Africa produced the most gold but United States bank the most Gold. Why is that? China and India is buying as much gold as they can find. While Russia geologist has just discovered a huge deposit of gold . On the list of the top ten countries, the IMF, which is not a country but is the owner of the third largest monetary Gold reserve.
1.USA
2.Germany
3.IMF
4.Italy
5.France
6.SPDR
7.China
8.Switzerland
9 Japan
10.Netherlands

US Dollar is weak but gold is great

US Dollar is weak but gold is great. We predicted the rise of gold to 1200 so did everybody else. That was easy to see coming more than a year ago now the next move is $1500 or above. Of course some investors have been dead set on gold hitting $1500 real soon.

We think that gold will climb some more but could see a few people taking profit to lock in their profit. If gold does retreat to any lower level we will see even more massive buying.

Well we are close to our TARGET OF $1200 GOLD. However,So many other things are falling apart, the housing market is very weak, even hotels are facing foreclosures. Car factories are slow,parts for cars is just as weak. Consumers are buying some electronics goods such as computers .

However is gold up.

Gold price

Gold price, can you say $1200 . In fact some is calling now for gold $1500. Based on the current economic climate gold prices should hit the $1200 target possible with in the next few months. Of course we have been saying that for a while but it seem closer this time around. Gold hit the $1094 with aggressive purchasing by investors today. This will not subside anytime soon. Countries around the world will start to buy gold even more aggressively as the demand pick up (China). One of the other reason why gold has moved higher simple there are no other investments that is as attractive has gold right now. US bonds has played out and the oil play is not stable with too many people influencing the price.

Day trading free trial

What is day trading free trail robot? Is it true there is really a stock picking robot that finds penny stock? I did come across a few websites that published against the penny stock picking robots has a fake. The only problem with these situations, each of these sites have never spoke of their use of the robot.

The first article on this blog, which is a while back, I mention looking for any investors on the web who have actually traded with this robot and had some success or failure . Again still done.

I have read reports that claims the newsletter do deliver a stock pick but the investor must purchase and then sell right away. Therefore, this is not a long turn hold. I will keep looking to see if I can find any day trader who have done so and has documented it .

This trial for the stock picking robot is free and so I was sure I would have plenty of investors online with their stories about this trial. This trial is only sold through ClickBank which claims to have a refund policy that will cover an investor if the are not satisfied.

Oil prices up again another troubling sign

Oil prices up again which is another troubling sign. Oil price jump to $77.58 last Thursday. Oil prices continues to fluctuate between $65-77 showing sign of what happen the last time around. The last time oil went on a run it did not stop until it made record pricing. Also the oil speculators did not stop pushing oil prices up until they reached their target then went for a down ride collecting as they go. While this was going on Mr Joe public was afraid to go pass a gas station for fear the car might just order up a fill up.

Three dollar gas is that possible? Under these situation the oil companies are hoping to make big profits again, so what about four dollars? Can you say electric or sun car. Hey what is the human self driven locomotion? The world is already in deep economic crisis why not imagine the energy sources so taxed with the high cost that drivers park their cars for public transportation.

Another web site regarding Blastoff network

Most active penny stocks

Do you know where to find the most active penny stock? check this site out for the answer.

Today they reported
Most Active Penny Stocks
SYMB Last %Chg Volume
GERS 0.002 0.0% 306,470,700
CYSG 0.0029 -12.1% 156,986,600
EPCG 0.0008 0.0% 105,957,200
NEOM 0.02 15.8% 70,804,700
CYBL 0.001 0.0% 54,689,300
CXAC 0.0007 0.0% 50,794,200
SPNG 0.05 0.0% 44,029,100
IVIT 0.0009 -10.0% 42,882,600
EXPH 0.0087 0.0% 36,692,800
HTDS 0.01 1.0% 31,842,600
LLEG 0.0031 -16.2% 27,950,400
http://www.thehotpennystocks.com