Gold is in a Downward Trend to the lowest in more than three weeks as a rallying dollar eroded interest in the precious metal as a haven investment. Silver has got a little bit more upside $14.63 an ounce, still the lowest since May 27.
The Dollar Index, advanced for a second day after Russia’s Finance Minister Alexei Kudrin and before him the Japanese Finance minister declared the nation has full confidence in the U.S.Dollar.Among other precious metals The Platinum slid 1 percent at $1,242.50 an ounce and Palladium was down 1.2 percent at $250.50 an ounce so far ..
Monday, June 15, 2009
The Gold and Oil Prices Correlation
What Gold and Oil have in common besides being two great commodities to invest in , are gold and oil prices related some how and if yes how and why ? Oil feature contract exploration date , oil have a slightly negative influence on gold , and gold have a slightly positive influence on oil , but market forces are preventing this , and the last nugget you should remember is " Do not depend solely on a movement in gold prices to affect oil"
Commodities and Currencies Russia having hard time getting out of the Dollar
crude oil losing steam China Japan and Russia still hooked on US Dollar good demand to US Treasuries , China and Russia do not know where else to invest , Gold is not an alternative , there is just enough gold in the world ...
Howard Simons, of Bianco Research, and Meg Browne, of Brown Brothers Harriman, discuss whether the weak dollar is the reason for a run-up in commodity prices.
Howard Simons, of Bianco Research, and Meg Browne, of Brown Brothers Harriman, discuss whether the weak dollar is the reason for a run-up in commodity prices.
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