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Saturday, April 30, 2005 2:57:58 AM
*How spot $GOLD did vs. other currencies on a very resilient Friday in the precious metal...
Listed in this order: Currency, %Change vs. US Dollar, Gold %Change.
US Dollar, --, +0.90%
Australian Dollar, +0.28%, +0.62%
Brazilian Real, 0.00%, +0.90%
British Pound, +0.02%, +0.88%
Canadian Dollar, -0.45%, +1.35%
Chinese Yuan, 0.00%, +0.90%
Euro, -0.19%, +1.09%
Indian Rupee, +0.64%, +0.26%
Japanese Yen, +1.09%, -0.18%
Mexican Pesos, +0.64%, +0.26%
Russian Ruble, +0.08%, +0.82%
S.African Rand, +0.74%, +0.16%
Swiss Franc, -0.15%, +1.05%
Some very interesting things to note here, first off the dollar gained today, and despite this, spot $GOLD closed up $3.90 ta $434.40/ounce. Also note how despite many currencies gaining against the U.S. dollar that $GOLD gained in that currency, perhaps the most bullish factor here is that despite a stronger Rand, $GOLD was up. So $GOLD was up on Friday, April 29th despite a stronger U.S. dollar coupled with a stronger South African Rand... I'm not sure we've seen such a day like this in the 4 year bull market of $GOLD, add in that the Euro sank and it gets interesting... it could be a fluke, or it could be a sign of things to come at some point down in the road... we shall find out when the time is right!
Listed in this order: Currency, %Change vs. US Dollar, Gold %Change.
US Dollar, --, +0.90%
Australian Dollar, +0.28%, +0.62%
Brazilian Real, 0.00%, +0.90%
British Pound, +0.02%, +0.88%
Canadian Dollar, -0.45%, +1.35%
Chinese Yuan, 0.00%, +0.90%
Euro, -0.19%, +1.09%
Indian Rupee, +0.64%, +0.26%
Japanese Yen, +1.09%, -0.18%
Mexican Pesos, +0.64%, +0.26%
Russian Ruble, +0.08%, +0.82%
S.African Rand, +0.74%, +0.16%
Swiss Franc, -0.15%, +1.05%
Some very interesting things to note here, first off the dollar gained today, and despite this, spot $GOLD closed up $3.90 ta $434.40/ounce. Also note how despite many currencies gaining against the U.S. dollar that $GOLD gained in that currency, perhaps the most bullish factor here is that despite a stronger Rand, $GOLD was up. So $GOLD was up on Friday, April 29th despite a stronger U.S. dollar coupled with a stronger South African Rand... I'm not sure we've seen such a day like this in the 4 year bull market of $GOLD, add in that the Euro sank and it gets interesting... it could be a fluke, or it could be a sign of things to come at some point down in the road... we shall find out when the time is right!
HI-HO SILVER !!!
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