Tuesday, February 1, 2011

China Urged To Buy More Gold

China Central Bank advisor says China should increase gold and silver reserves, to reduce its reliance on the dollar and support convertability of its currency for cross-border transactions.

Egypt Oil Threat: Crude Passes $100/Barrel

Crude oil price futures soar past $100 per barrel. Concerns are growing over possible interuptions in the passage of oil through the Suez Canal and Suez pipeline

The Dow Closes Above 12,000

The recession still resonates in many American households. But in the stock market, the pain is gone. The Dow Jones Industrial average has closed above 12,000. (Feb. 1)

DAILY NEWS ON BOOZE