let's dig up some gold :wink: - remember , it's that "shiny" stuff !
Quote:ATUL PRAKASH
Reuters
March 12, 2008 at 11:45 AM EDT
LONDON Gold gained nearly 1 per cent on Wednesday as a struggling dollar and firm oil prices prompted investors and speculators to build fresh trading positions.
The metal rose to $980.30/981.00 an ounce just before noon in New York on Wednesday.
Clearly the dollar has been the primary driver, said Daniel Hynes, metals strategist at Merrill Lynch. The outlook is still very positive, although we are going to continue to see little bouts of weaknesses as people take profits.
But we are still expecting the U.S. dollar to come under increasing downward pressure and believe the $1,000-an-ounce mark will be reached pretty soon, he added.
IN GOD WE TRUST - but let's hang on to some gold ... just in case ...
