March 13, 2009

Gold rose, Silver back on the $13 level

gold
After brief and swift dives, Gold, Silver, and Platinum are up for a third straight day on speculation the recession will deepen, boosting the appeal of the precious metal as a store of value. Silver is back on the $13 level.

Even the Dow surge to the 7000 mark as bank stocks like HSBC (HongKong & Shanghai Banking Corporation) concluded the week with a better outcome.

“Gold continues to resist any sustained decline, bouncing back quickly from any minor sell off,” said Adrian Day, president of Adrian Day’s Asset Management in Annapolis, Maryland. “The fly in the ointment could be a sustained and strong, broad global stock-market rally which would calm some investors’ fears. There is little prospect of this on more than a short-term basis in my view, so we continue to be buyers on any dips.”

Gold futures for April delivery rose $6.10, or 0.7 percent, to $930.10 an ounce on the Comex division of the New York Mercantile Exchange. The price rose 3.1 percent in the previous two sessions. The metal is still down 1.3 percent this week.

Silver futures for May delivery climbed 27.2 cents, or 2.1 percent, to $13.215 an ounce. While the price fell 0.9 percent this week, it is still up 17 percent this year.

Gold’s gains were limited as the S&P headed for the biggest weekly increase since November, curbing investor demand for alternatives to owning equities. Earlier, the price slipped as low as $919.60.

The decline was a buying opportunity for investors who has been purchasing gold this week as the metal dropped to a one-month low $891.10 on March 10.

Gold may also benefit as an alternative to currencies. The Swiss National Bank said yesterday it was selling the franc, undermining the currency’s haven status.

China’s Premier Wen Jiabao said he is “worried” about his country’s holdings of U.S. Treasuries and wants assurances that the investment is safe. China is the biggest holder of U.S. debt.

“Should China or some other significant buyer of U.S. debt announce that they will no longer buy U.S. debt unless denominated in a non-U.S. dollar currency, gold is going to the moon,” said Tom Winmill, president of New York-based Midas Management Corp.

In 2008, Treasuries returned 14 percent while gold gained 5.5 percent as investors sought a haven from financial turmoil. Treasuries slumped 2.9 percent this year through yesterday. (quotes from Bloomberg)

4 make comments on this post:

ultradust@gmail.com said...

Please add this event...


Manila & Cebu Manila Internet (14 hours hands on) Marketing Workshop/June 12-13, June 26-27,2009




I’m sharing this event with you --in case you’re interested, I’ve been learning from Jomar Hilario (the speaker) for a few weeks now and I can say that he has really helped me start this internet business....



Event details:

Learn how to:

1. Create a 2nd source of income via the internet so you don't have to rely on your work income 100%

2. Create an internet business - a 3rd source of income by creating online stores using the supplied bonus ebooks (worth P 20,000) you can sell.

3. Popularize your websites for greater income and exposure to your market


Start getting out of the rat race via the internet.


The Manila & Cebu Manila Internet (14 hours hands on) Marketing Workshop

Resource speaker: Jomar Hilario (/www dot jomarhilario dot com)

When: June 12-13 (Cebu), June 26-27,2009 (Manila), 10:30am - 5:30pm, Friday/Saturday

Contact: cebuworkshop at gmail dot com / manilaworkshop at gmail dot com

Venue: SM City Cebu / Cubao, Metro Manila

Full details :

Cebu:

internetmarketingworkshop dot blogspot dot com/2009/05/cebu-14-hours-hands-on-internet dot html


Manila:

internetmarketingworkshop dot blogspot dot com/2009/05/manila-internet-marketing-workshop-june dot html

Or Learn Via The Internet:
www dot homebasedbusinessphilippines dot com

ultradust@gmail.com said...

Hi favor, I think this event may be newsworthy here, please mention it if possible. If not, thank you just the same for allowing me to comment here. - Marie.

I’m sharing these events with you --in case you’re interested, I’ve been learning from Jomar Hilario (the speaker) for a few months now and I can say that he has really helped me start this internet business.

Event details:
1. Cebu/Cagayan De Oro/Davao/ Real Estate Internet Marketing Seminar July 14,15,16,2009
2. Manila Internet (14 hours hands on) Marketing Workshop July 3-4,2009

Learn how to:
1. Create a 2nd source of income via the internet so you don't have to rely on your work income 100%
2. Create an internet business - a 3rd source of income by creating online stores using the supplied bonus ebooks (worth P 20,000) you can sell or using your own products.
3. Popularize your websites/product site for greater income and exposure to your market
4. Use the internet the way the best internet marketers use it-to make yourself a profit!
5. Open your eyes to the possibilities you never thought was possible - online.
6. Finally, build your client email list, like never before.


Start getting out of the rat race via the internet!

The Cebu/CDO/Davao Internet Marketing Seminar
Resource speaker: Jomar Hilario (www.jomarhilario.com)
When: July 14, 15, 16 9:30am - 5:30pm,

The Manila Internet (14 hours hands on) Marketing Workshop
Resource speaker: Jomar Hilario (www.jomarhilario.com)
When: July 3-4 (Manila), 10:30am - 5:30pm, Friday/Saturday

Contact: cebuworkshop@gmail.com / manilaworkshop@gmail.com

Venue:
Cebu: Crown Regency Club Ultima, F. Ramos St., Cebu City
CDO and Davao: To be Announced.
Manila: Cubao, Metro Manila (you cannot walk-in, you must pre-register and do the pre-registration activities before you attend)

Full details :

CDO/Davao/Cebu:
http://internetmarketingphilippines.blogspot.com/2009/06/basic-internet-selling-for-real-estate.html

Manila:
http://internetmarketingworkshop.blogspot.com/2009/05/manila-internet-marketing-workshop-june.html

Or Learn Via The Internet using the ONLINE Workshop
www.homebasedbusinessphilippines.com

ultradust@gmail.com said...

Hi favor, I think this event may be newsworthy here, please mention it if possible. If not, thank you just the same for allowing me to comment here. - Marie.

I’m sharing these events with you --in case you’re interested, I’ve been learning from Jomar Hilario (the speaker) for a few months now and I can say that he has really helped me start this internet business.

Event details:
1. Cebu/Cagayan De Oro/Davao/ Real Estate Internet Marketing Seminar July 14,15,16,2009
2. Manila Internet (14 hours hands on) Marketing Workshop July 3-4,2009

Learn how to:
1. Create a 2nd source of income via the internet so you don't have to rely on your work income 100%
2. Create an internet business - a 3rd source of income by creating online stores using the supplied bonus ebooks (worth P 20,000) you can sell or using your own products.
3. Popularize your websites/product site for greater income and exposure to your market
4. Use the internet the way the best internet marketers use it-to make yourself a profit!
5. Open your eyes to the possibilities you never thought was possible - online.
6. Finally, build your client email list, like never before.


Start getting out of the rat race via the internet!

The Cebu/CDO/Davao Internet Marketing Seminar
Resource speaker: Jomar Hilario (www.jomarhilario.com)
When: July 14, 15, 16 9:30am - 5:30pm,

The Manila Internet (14 hours hands on) Marketing Workshop
Resource speaker: Jomar Hilario (www.jomarhilario.com)
When: July 3-4 (Manila), 10:30am - 5:30pm, Friday/Saturday

Contact: cebuworkshop@gmail.com / manilaworkshop@gmail.com

Venue:
Cebu: Crown Regency Club Ultima, F. Ramos St., Cebu City
CDO and Davao: To be Announced.
Manila: Cubao, Metro Manila (you cannot walk-in, you must pre-register and do the pre-registration activities before you attend)

Full details :

CDO/Davao/Cebu:
http://internetmarketingphilippines.blogspot.com/2009/06/basic-internet-selling-for-real-estate.html

Manila:
http://internetmarketingworkshop.blogspot.com/2009/05/manila-internet-marketing-workshop-june.html

Or Learn Via The Internet using the ONLINE Workshop
www.homebasedbusinessphilippines.com

Chris said...

Good stuff keep up the hard work

If you have never been to an online marketing seminar, you’re missing out!! Chris Cobb

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