Thursday, December 24, 2009

Who robbed Fort Knox Gold

.... a friend of his claimed half of the gold is missing from Fort Knox. They'd met up at Benito Juarez airport in Mexico City suffering with delayed flights and his new acquaintance's tongue loosened more and more with each fresh drink, until eventually, he confessed to being a member of the Mexican Mafia's deep cleansing unit, even pulled up his sleeve to reveal the requisite Our Lady of Guadalupe tattoo to fire home the point.

Jon Nadler Beware of Gold Rally

Stocks in this video: ANX | HMY | GOLD | GLD | AU | GFI | GG

NEW YORK (TheStreet) - Jon Nadler, senior analyst at Kito.com, says that investors shouldn't trust what they see in the gold market for the next two weeks. Light volume will exaggerate price moves.


Oil drops as OPEC keeps quotas steady

The price of crude oil has declined after the Organization of Petroleum Exporting Countries (OPEC) decided to keep production quotas unchanged.

In its ministerial meeting in Angola's capital Luanda on Tuesday, OPEC officially agreed to keep its production quotas steady.

It also called on members to improve their compliance with production cuts which they had agreed upon last year.

Some market analysts believe OPEC may need to get closer to output targets if it wants to keep prices above $70 a barrel going into 2010.
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