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Old 02-23-2011, 09:51 AM   #107
Meck77
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Join Date: Sep 2002
Posts: 16,640
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Political unrest sending Gold higher.

http://www.monex.com/gvi?pageid=insi...eid=1017&cat=1

Is the political unrest spurring commodity price inflation?
*Forbes, by Robert Lezner, February 21, 2011:
"The violent stand-off in Libya and elsewhere in the Middle East has triggered renewed speculation in precious metals and crude oil prices.

The price of gold jumped $17.60 an ounce today to $1406 an ounce– much nearer its previous peak over $1420. Silver, as well, jumped over $2.00 an ounce to $33.91, precisely the scenario to make silver traders ecstatic. Meanwhile, crude oil, the commodity most directly affected by the intense political unrest, ran up over 5% in price in London to $107.60 a barrel. The last time oil sold at this level was in 2008, just on the eve of an approaching bubble at the $148 a barrel level.

Last edited by Meck77; 02-23-2011 at 10:03 AM..
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