AI
Monday, July 28, 2008 1:23:36 PM
Depends on how strong the dollar becomes...
Gold is up on speculation and a weak dollar.
If interest rates go up some, but inflation drops and the dollar becomes stronger, then gold prices come down with the speculators pulling out.
Demand right now is under the speculators control...World wide, India and china are the largest growing consumer arena for precious metals...FYI
All posts are my opinion and not recommendations to buy, sell or hold....stocks/options. Use your own Due Dilegence in trading or investing..Bu
Gold is up on speculation and a weak dollar.
If interest rates go up some, but inflation drops and the dollar becomes stronger, then gold prices come down with the speculators pulling out.
Demand right now is under the speculators control...World wide, India and china are the largest growing consumer arena for precious metals...FYI
All posts are my opinion and not recommendations to buy, sell or hold....stocks/options. Use your own Due Dilegence in trading or investing..Bu
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