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| Home Front: Economy |
| Gold prices near 16-year high |
| 2004-11-13 |
| Gold prices simmered just below 16-year highs in Europe on Friday, buoyed by a weak dollar which could soon see bullion at $450/oz or above, traders said. Platinum also perked up after speculative buying in the Far East, scoring its highest since early September during London's morning fixing session. Platinum was fixed in London at $868.00 an ounce, while spot rose to $865.00/870.00 an ounce from New York's $850.50/855.50. Platinum could reach $900.00 real soon! Copper prices @$139.5 & Silver @$7.62 continue to climb. By 1151 GMT, spot gold was quoted at $436.10/436.60 a troy ounce, up from New York's late quote on Thursday of $434.35/435.10 and not far from Wednesday's 16 year peak of $437.25. Traders were now looking for gold to target $450 an ounce, a level last visited in June 1988, with some touting $465 and above as a possibility. Gold last saw prices above $500 in mid-December 1987. Palladium was little changed at $211.00/215.00 from $212.0/217.00, while silver firmed to $7.50/7.53 from $7.43/7.46 . (back in 1999 Palladium rocketed to over 1k an ounce due to supply problems in Russia. |
| Posted by:Mark Espinola |
| #10 After a decade of careful research, proponents of Cold Fusion have built a significantly strong case that the DOE is re-evaluating Cold Fusion science. Please tell me it has nothing to do with pions. |
| Posted by: Robert Crawford 2004-11-13 4:25:40 PM |
| #9 I'm dropping my turkey gut futures and going long on Palladium. It makes perfect sense. :) |
| Posted by: Shipman 2004-11-13 4:19:43 PM |
| #8 Cold fusion may surprise us. There is definitely something there. |
| Posted by: phil_b 2004-11-13 3:47:49 PM |
| #7 Shipman: âI thought the Palladium jump was due to the nutty professors who used it in COLD FUSION?â After a decade of careful research, proponents of Cold Fusion have built a significantly strong case that the DOE is re-evaluating Cold Fusion science. The ânuttyâ professors may yet be proven correct. |
| Posted by: Anonymous5032 2004-11-13 2:48:12 PM |
| #6 We could have bought gold almost anytime between 1987 and 1996, sold it this morning, and had a lackluster overall return. And if we bought it in 1980 -- when the media was really hyped up about it -- we would have really been screwed. One more example of why the MSM is not our friend. I'm beginning to think that the folks who go to journalism school are the ones not bright enough to be doctors, lawyers, engineers, accountants, or even politicians. |
| Posted by: Tom 2004-11-13 11:25:39 AM |
| #5 Okay, look at this chart and tell me why I should care. |
| Posted by: Tom 2004-11-13 11:14:33 AM |
| #4 Wait second... never mind. The nutty professors were before '99. |
| Posted by: Shipman 2004-11-13 10:43:56 AM |
| #3 I thought the Palladium jump was due to the nutty professors who used it in COLD FUSION? |
| Posted by: Shipman 2004-11-13 10:43:09 AM |
| #2 looks like a good time to buy high and sell low. |
| Posted by: Bill Nelson 2004-11-13 9:06:23 AM |
| #1 Gold prices remain near 30 year lows would be more accurate. The US dollar is declining and the price of gold in USD is just reflecting that decline. |
| Posted by: phil_b 2004-11-13 7:58:33 AM |