[barbara23]

Hi Guys!! Happy 2009!! I hope this year will be plentiful of good investments for all of us. And now, back to business.

Start of the week, Crude oil was high. Crude rose as the continued conflict in Israel fuels concern about a disruption to supplies. While the area is not a major oil producer, there are fears that the conflict could result in oil rich Middle East countries withholding exports. A report on Monday showed a smaller than expected drop in construction spending. President elect Barack Obama’s proposed stimulus package also boosted demand for oil in the US.

US crude for February rose $2.47 to settle at $48.81 a barrel on the New York Mercantile Exchange.

On Monday, Gold did not see a good start as dollar strengthened. Bullion, which typically moves in the opposite direction to the U.S. currency declined as dollar gained when U.S. President-elect Barack Obama crafted a package of infrastructure spending and tax cuts to create 3 million jobs.

Gold futures for February delivery closed at $857.80 down by $21.70 an ounce Comex Division of the New York Mercantile Exchange.

Cheers!

Barbie, hot and smart

{link removed by Shannymara per CoC 3.1.7}

[bratticus]

Barbie, hot and smart

When you eventually get an avatar will it have a high or low neckline?

[Micki]

Hi Guys!! Happy 2009!! I hope this year will be plentiful of good investments for all of us. And now, back to business.

Start of the week, Crude oil was high. Crude rose as the continued conflict in Israel fuels concern about a disruption to supplies. While the area is not a major oil producer, there are fears that the conflict could result in oil rich Middle East countries withholding exports. A report on Monday showed a smaller than expected drop in construction spending. President elect Barack Obama’s proposed stimulus package also boosted demand for oil in the US.

US crude for February rose $2.47 to settle at $48.81 a barrel on the New York Mercantile Exchange.

On Monday, Gold did not see a good start as dollar strengthened. Bullion, which typically moves in the opposite direction to the U.S. currency declined as dollar gained when U.S. President-elect Barack Obama crafted a package of infrastructure spending and tax cuts to create 3 million jobs.

Gold futures for February delivery closed at $857.80 down by $21.70 an ounce Comex Division of the New York Mercantile Exchange.

Cheers!

Barbie, hot and smart

If you closely follow the gold markets you would have seen that Gold weakened BEFORE USD strengthened.
The talking heads in the mainstream always just try to find the simplest most obvious correlation to moves.
You might have noticed also there was a rebalancing of the Commodity Index.
Normally when an index is adjusted, what ever has performed strongly is added and weak items are thrown out, but no, not when it comes to gold. That meand index funds have to adjust their holdings whether they like it or not.
What is beautiful to watch is how the dips in prices are followed up with buying.

How USD can benefit from Obama promising even more money printing is another mystery.

[barbara23]

Barbie, hot and smart

When you eventually get an avatar will it have a high or low neckline?

LOL

I remember from my anatomy lessons that your brain was in your head, not in your cleavage

Anyway you made my day