EGX Gold $564.70 - Rhodium $4030.00 -
Gold futures closed at a three-week high Monday,
silver struck a new 22-year peak and
copper traded at its highest ever level,
as the dollar weakened ahead of a Federal
Adding to the uptrend, bankz raised its forecasts
for Gold, copper, nickel and aluminum and said
metals are entering the "sweet spot of the
The COMEX April Gold contract closed up $6.90 at
$567.40, its highest level since March 3.
The dollar was last down 0.7% against the yen
with investors cautious ahead of a two-day Fed
monetary policy committee meeting.
The central bank is widely expected to raise
interest rates by a quarter point, its 15th
straight hike, bringing rates to 4.75%.
But investors are expected to focus most closely
on the statement accompanying the decision, the
first to be made under the stewardship of new
chairman Ben Bernanke.
If the statement fails to signal further hikes,
the dollar will fall, providing support for gold.
For gold, "the early March peak of $570.50 is the
next obvious target," said research firm Action
Gold was further boosted by comments from an
official at the Bank of China's Australian
operations, who argued that the Chinese central
bank should hold more gold in its forex reserves
as a way of diversifying away from dollars,
according to Action Economics .... EGX a Gold prod. leader -
btw. I feel good be with the 888 -
Gold stocks outside America -
EGX makes it a bit harder for the 666 to
confiscate - 888 - EGX Gold stocks -
The Eurasia faught off - 666 and got
- 888 - Liberty 1991 -
Bless Christ The Lord.
Posted by an 888 Brother.
Btw. Low cost Gold producers -