The weak dollar is causing much of the recent commodity spike and the laissez faire attitude of the US administration to the value of the Greenback is coming back to haunt them in the shape of higher dollar based commodity prices. Interest rates at 2% when the economies of the Union are performing no worse than most other Western nations tell their own story in the Feds policy on the dollar no matter what Treasury Secretary Paulson says to the contrary.
Gold Spread Trading, 2 Jul 08
Gold, having broken out of the range (discussed below) which had it in thrall for the last few months is making up for lost time at the moment with the weak dollar once more allowing the bulls to bite back. We are now up at $940 bucks, $50 dollars above the level this time last week and beating the last rally high.
Gold Spread Trading, 30 Jun 08
Last week’s Gold markets: A combination of trading into the safe haven of gold, rising inflation and a weak dollar saw gold rise $20 to $925.15;
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Gold Spread Trading, 26 Jun 08
No specific news on the gold market today so a quick look at the Financial Spreads Gold chart. It looks like the trading range is getting ever narrower, is there a breakout on the cards?
Gold Spread Trading, 25 Jun 08
The markets still seem to be stuck in the same trading range that has dominated over the past three months with Gold oscillating between $850 and $910.
Gold Spread Trading, 23 Jun 08
Last week’s Gold: Gold pushed through the $900 barrier up $40 to close the week at $905.6.
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Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Gold Financial Spread Bet July 2008' by DB, updated 04-Jul-08
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