Gold fell Friday as it looks to be headed toward its third straight weekly loss on speculation that interest rates will rise with an economic recovery. Likewise, silver also fell to its seven-week low.
The appeal of the precious metal so far in the new year is dull after a strong performance in 2010 when it outperformed both stocks and bonds, gaining 30% in 2010.
Tom Pawlicki, a MF Global analyst, said, "Higher interest rates take away the bullish argument that low opportunity costs are supportive for gold."
Gold futures for February delivery fell $3.80, or 0.3%, to $1,342.70 an ounce Friday morning on the Comex in New York. It is down 1.3% for the week, after losing 4.3% in the prior two weeks. Earlier today, its price fell to $1,337, its lowest level since November 18.
Friday, January 21, 2011
Silver Shortage and China Inflation
Silver Shortage and China Inflation an update from NIA market gluts with physical as price drops.. they get the physical AND the short play profits. not a bad scam.it took Eric Sprott 2 months to get his physical silver delivered ..."If it takes him 2 months, imagine how long it will take you to get yours".
Bob Chapman The Health Bill is Euthanasia
Bob Chapman on FFw/JB Radio Show (1/20/2011)
Bob Chapman, The International Forecaster, discussed a variety of topics during the first hour of the Thursday January 20, 2011 episode of the Freedom Files with James Burns Radio Show.
Bob Chapman is the George Washington of our time.Think about it. If you could hear Washington, Patrick Henry or Thomas Jefferson Speak. Listen to Bob Chapman and wake the hell up for your own sake and the sake of this country.
Bob Chapman The Health Bill is Euthanasia
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