Investing in gold futures is done by purchasing a contract for gold at a later date but paying for it now. Understand more about gold futures and the difference between a spot price and futures price with tips from a futures and options floor trader in this free video on investing.
Expert: Mark Griffith
Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange).
Filmmaker: Paul Volniansky
Monday, September 20, 2010
BP Plugs Well That Caused Biggest U.S. Oil Spill
Sept. 20 (Bloomberg) -- U.S. officials said BP Plc killed its Macondo well in the Gulf of Mexico after creating another cement seal, plugging the source of the largest offshore oil spill in U.S. history. "The Macondo 252 well is effectively dead," said National Incident Commander Thad Allen in a statement yesterday. BP completed its last pressure test on the plugs at 5:54 a.m. local time before declaring the well sealed, according to the statement. Susan Li reports on Bloomberg Television's "First Up."
Sunday, September 19, 2010
Fed Issues More Debt as Gold Rises
The International Forecaster
September 19, 2010
On Friday, September 10, 2010, Horizon Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
In site of intervention by “the Working Group on financial Markets”, gold has increased almost 16% year-to-date. It has done so for each of the past ten years, which has gone almost unnoticed by professionals and investors. Obviously some are watching or the price wouldn’t be where it is. Commodities have been up for 11 years and nine years for Treasuries. As you know we are trend followers, so gold and silver have been kind for our readers since June of 2000. That is after we bailed our subscribers out of the stock market in the second week of April of 2000. We were at a conference and Joe Granville made the same call on that sunny Saturday, so long ago.
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