Thursday, March 08, 2012 1:52:56 PM
February 23, 2012
By Kevin Michael Grace
Gold was up (at press time) $51 (+2.9%) for the week to $1,781.10, and silver was up $1.96 (+5.8%) to $35.48. Bloomberg reported, “Gold climbed to a three-month high…as the dollar weakened, spurring demand for the precious metal as an alternative investment. Silver jumped to a 15-week high.”
Bloomberg attributed gold’s rise to “strong economic numbers out of the US [if you say so] and Germany.” Reuters cited (wait for it) “a stronger Euro, coupled with growing concern over the impact on inflation from oil trading above $120 a barrel.” The Wall Street Journal quoted commodities analyst Ira Epstein, “What really got gold going was once Europe made up its mind that it was going to keep Greece alive with printing presses.” And FastMarkets quoted MKS Finance, “Even though Greeks received a 130 billion Euro package, there’s still perception that the Greek debt has been delayed rather than solved.” MKS concludes, “The macroeconomic picture is looking rather in favour of higher prices.”
Read the rest of this article. http://resourceclips.com/2012/02/23/auguries%E2%80%94you-bet-your-life/
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM