How To Trade Gold at High Prices

NEW YORK (TheStreet) -- How To Trade Gold at High Prices - Scott Redler, chief strategic officer for T3Live.com, reveals how he's trading gold as prices hit 2011 highs.


Gold and silver prices trying to hold onto their rally -- of gold in Mexico in the spot break up -- over dollar. Joining me where the trade got rather keep strategic -- their TP live dot com. I got have stalled out here for a goal of reaching a hyper 2011 around 1417. In varying margins but it -- how much.

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Oil jumps to $ 120

Oil prices rose Thursday to $ 120 a barrel due to escalating fears of a severe shortage of supplies on the market in light of reduced exports from Libya, and the continuing turmoil in the region.

The price of European Brent crude today during the European trading more than eight dollars to reach $ 120 a barrel.

The price of Brent crude reached $ 110 yesterday, a new level in the range is the highest in two and a half year.

During Asian trading today, jumped U.S. light crude for more than three dollars to reach $ 102 a barrel.

The Western companies had suspended its work in Libya and withdrew its staff, while the rebels announced Libyan control over strategic oil installations, including facilities on the Mediterranean coast.

It is noteworthy that Libya - which has the largest oil reserves in Africa - were produced before the outbreak of the revolution of February 17 by 1.6 million barrels per day, only mostly to European countries such as Italy and Germany.

Fears
While prices have risen to levels of growing Western concern, expressed the U.S. bank Goldman Sachs on fears of a disruption to the largest supply of a wider unrest in the region.

However, Saudi sources confirmed that Saudi Arabia is willing and able to provide high-quality light crude to offset supply disruptions Jamahiriya, which means bridge the shortfall that drives prices to high levels.


The memorandum stated that the same price of a barrel of oil exceeded $ 120 would be a threat to global growth.