delivery of comex gold assists the supply/demand dynamics. bank of novia scotia, japan/china are getting heaps of the stuff delivered, and funds have for the first time, bought comex gold at market in their droves last night. now we await the pension funds!
gold aint no pie in the sky like internuts stocks, whilst the financial system is collapsing. and who is to say it isn't collapsinf, one look at the us dollar index and it is the only conclusion one can come up with.
sad but true.
check out these headlines! hysteria is being built up..
go the gold hysteria! newcomers, should becareful, i agree, kinda. the dips will most likely provide opportunities if the global economic environment continues to weaken.
23/01/2003 3:04:03 AM War fever props COMEX gold near 6-year peak
23/01/2003 5:39:29 AM COMMODITIES-Gold jumps to near six-year high on Iraq
23/01/2003 1:47:45 PM SPOT GOLDHITS $362.75/3.50 AT 0246 GMT IN ASIA, HIGHEST SINCE MAR 97
23/01/2003 2:57:20 PM SPOT GOLDSETS NEW SIX-YEAR HIGH OF $364.00/5.00 AT 0356 GMT IN ASIAN TRADE
23/01/2003 9:52:27 PM LONDON GOLD FIXED AT $363.30/OZ, HIGHEST SINCE JANUARY 1997 ON IRAQ WAR FEARS
23/01/2003 11:00:32 PM RUSSIAN CBANK SAYS GOLD/FOREX RESERVES RISE TO $48.1 BLN BY JAN 17 ($45.9 BLN PREV WEEK)
you can only make money where money is going, in other words where the uptrend is clear as daylight.
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