GOLD
Click for more information
0.51% $1,391.7 gold futures

importance of last night's us$24 gold rise ...

  1. siameseparrot
    24,765 Posts.
    clock Created with Sketch.
    12/02/10
    09:01
    Post #: 6321596
    Quick and to the point.

    The euro fell below 1.3700 against the US dollar. Instead of gold falling because the euro fell against the US dollar, the gold price made a strong gain.

    This is what competing currency devaluations are all about.

    One major currency gets into market difficulties and weakens against other major currencies - gold rises.

    Then another major currency gets into market difficulties and weakens against other major currencies - gold rises.

    Gold is left standing as the NUMBER ONE CURRENCY.
    Value at posting: $0.00
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

MYR Myer lobs proposed merger at major shareholder Premier Investments
right-arrow Created with Sketch.
GWR Scoping study and Phase 2 drilling progress Prospect Ridge magnesium play for GWR
right-arrow Created with Sketch.
IMU Imugene doses first cancer patient in Oasis trial
right-arrow Created with Sketch.
JGH Jade's strong gas exploration results another step towards Mongolian development
right-arrow Created with Sketch.
AML Cultural heritage agreement puts Walford Creek exploration back on the map
right-arrow Created with Sketch.
TLG Talga to form joint venture with lithium producer SQM to develop Sweden's Aero project
right-arrow Created with Sketch.
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.