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Gold Rises for Sixth Straight Session on Bets Dollar to Drop
Nov 20th, 2009 13:18 by News

Nov. 20 (Bloomberg) —

“People are still buying gold because they think the dollar hasn’t been broken yet,” said Marty McNeill, a trader at R.F. Lafferty Inc. in New York. “If the dollar rallies, it’s an excuse to sell for profit. Any dip in prices is a buying opportunity.”

[However...] “The gold price should not fear a new long-term uptrend in the dollar,” Deutsche Bank said. “In periods of risk aversion which lead to a strengthening dollar and strong inflows into gold ETFs, the strong correlation may start to fade.”

[source]

THURSDAY Market Excerpts
Nov 19th, 2009 15:59 by Daily Market Report
World ‘can no longer rely on dollar’
Nov 17th, 2009 23:04 by RS
Bernanke Expresses Worry About Weak Dollar
Nov 16th, 2009 12:36 by News
Chinese ambivalence to yuan realignment weighs on dollar
Nov 16th, 2009 11:19 by News
Slumping dollar overwhelms central banks from Brazil to Korea
Nov 13th, 2009 11:12 by RS
THURSDAY Market Excerpts
Nov 12th, 2009 15:23 by Daily Market Report
Gold scales new heights
Nov 12th, 2009 06:19 by News
Gold rallies to record high
Nov 11th, 2009 02:16 by News
TUESDAY Market Excerpts
Nov 10th, 2009 15:04 by Daily Market Report
MONDAY Market Excerpts
Nov 9th, 2009 15:39 by Daily Market Report
Central Banks lead a shift away from the dollar
Nov 5th, 2009 19:11 by RS
Fed Statement Bullish for higher yielding currencies…
Nov 4th, 2009 17:23 by News
WEDNESDAY Market Excerpts
Nov 4th, 2009 16:00 by Daily Market Report
TUESDAY Market Excerpts
Nov 3rd, 2009 16:46 by Daily Market Report
Buffett says U.S. federal debt poses fresh threat to economy
Nov 3rd, 2009 09:36 by News
MONDAY Market Excerpts
Nov 2nd, 2009 16:51 by Daily Market Report
Gold Rises to One-Week High in London
Nov 2nd, 2009 03:57 by RS
FRIDAY Market Excerpts
Oct 30th, 2009 16:49 by Daily Market Report
Marc Faber Says Gold a Bargain Compared to S&P 500 Stocks
Oct 30th, 2009 15:09 by RS
Gold Heads for Second Monthly Gain as Weak Dollar Fuels Demand
Oct 30th, 2009 00:18 by News
Dollar will be worthless amid fiscal ‘disaster’ in U.S., Faber says
Oct 29th, 2009 09:05 by RS
WEDNESDAY Market Excerpts
Oct 28th, 2009 15:36 by Daily Market Report
Jim Rogers Predicts Dollar Rally Amid Stock Correction; Sell Dollars on Strength
Oct 28th, 2009 10:56 by RS
Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says
Oct 28th, 2009 09:58 by News
TUESDAY Market Excerpts
Oct 27th, 2009 16:11 by Daily Market Report
Dollar wobbles after Chinese comments
Oct 27th, 2009 08:32 by News
Gold Calls the World Bankers’ Bluffs
Oct 26th, 2009 02:08 by News
Gold May Increase as Dollar Declines for First Day in Three
Oct 26th, 2009 01:34 by News
THURSDAY Market Excerpts
Oct 22nd, 2009 15:05 by Daily Market Report


Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss; JL - Jeffrey Lee. [see also 10 yrs of Discussion Archives]


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