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  1. 12-07-2008, 12:03 PM #1
    AirborneSapper7
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    Gold Up as the $500 Trillion Derivatives Time Bomb Keeps Tic

    Gold Up as the $500 Trillion Derivatives Time Bomb Keeps Ticking
    Commodities / Gold & Silver
    Mar 12, 2008 - 11:01 AM

    By: Mark_OByrne

    Gold was up $4.10 to $974.30 per ounce in trading in New York yesterday silver was down 3 cents to $19.64 per ounce. In Asian and early European trading gold has traded sideways to slightly up. The London AM Gold Fix at 1030 GMT this morning was at $975.75, £483.26 and €630.90 (from $980.50, £485.47 and €633.40 yesterday).

    Gold may continue to consolidate prior to the much anticipated rally to the $1,000 mark. But given the continuing weakness in the dollar (se FX below), record high oil prices and the continuing credit crisis, gold will likely continue to surprise to the upside.

    Stock markets have again greeted the latest Federal Reserve “throwing money at the problemâ€
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  2. 12-07-2008, 02:10 PM #2
    Bowman
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    This is an old, out of date article. Gold is down and oil is way down from where it was March 12th.
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  3. 12-07-2008, 04:30 PM #3
    AirborneSapper7
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    the point is "That it's the derivitives that is pushing this mess" subprime is just the tip of the iceburg
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