Gold hit another record on weakening dollar
Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Sunday, 10 April 2011 04:15
Once again gold hit another record as a weakening dollar boosted demand for the precious metal as an alternative asset and an inflation hedge. Silver climbed above $40 an ounce to a 31 year high and again the gold/silver ratio is at an all time low of around 37 times.
Overnight and weekly wrap up
Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Saturday, 9 April 2011 11:53
Overnight in the US treasuries and stocks dropped lower as inflation expectations surged and the markets continue to believe the Fed will lag behind other central banks in raising rates. As of this writing the US government has finally reached an agreement and agreed to cuts totally almost 38 billion dollars, the largest cuts […]
Gold gaining its power, PPI results higher than expected
Last Updated on Friday, 8 April 2011 03:02 Written by Elena Rajkovic Friday, 8 April 2011 03:02
After a long period with articles such as ‘Gold is losing its shine’, Gold is back with new high in the past four days raising at about 4.5% in less than a month..
The Aussie $ has hit a 29 year high against the US $
Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Friday, 8 April 2011 01:22
The Aussie $ has hit a 29 year high against the US $, boosted by strong jobs data, soaring metal prices and the looming risk of a US government shutdown
Metals rise accross the board
Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Friday, 8 April 2011 11:07
Copper in London gained for a fourth day, on track for its best week in two months, on growing optimism that supplies will fall short of demand. Gains in Tin, Zinc, Lead and ALU were also strong in the past week.





