Gold and Silver Report - " Vertigo "
Bullion trading fired off a few more rounds of price-additive flares this morning as participants attempted to build on yesterday's gains with equal fervor. Today's list of buying excuses included European equity losses in the region's financial sector, and yesterday's poor reading in the Philly area's factory index. Mirroring at least part of the gains in gold, the Swiss franc also continued to defy gravity for a third trading day and the country's central bank was seen once again trying to hold back the inflow of frightened money before it does significant damage to its export-based economy.In the background, the US dollar fell 0.48 on the trade-weighted index and it traded at 73.90 while crude oil lost less than half-a-percent but still threatened to break the $82 mark and perhaps aim towards the round figure below. Speculators have been pounding black gold hard for the past four weeks even as a majority of economists opine that the US will be able to avoid another recession and that the very fact that oil has become much less costly might be the catalyst that could trigger higher levels of growth in the country. There was a time when exponential gains lifted the commodity to $147 and prompted calls for more moonshots to come.
Exponential gains continued to remain the order of business in overnight gold trading in the overseas markets. At one point more than 3% was added to Thursday's closing value in Street's steep hill.
Only this, right here, right now, is no San Franciscan hill; this runner might as well be urban climber Alain Robert, or Spiderman, scaling the golden-glass-laden façade of Trump Tower. It all comes down to whether the suction cups will hold before the top is reached -whatever floor number that might currently be thought to be found. One slip, one misstep, one downward glance, and the climber's subsequent "experience" might be equally worth covering in the headlines of the financial markets of that day.
Not even one of the possible interpretations of the repatriation of Venezuela's gold appeared to make a difference to this parabolic party. Analysts at Capital Economics suggested that the calling in of that country's gold chips by ailing strongman Hugo Chavez is basically a precursor to the bullion to soon be sold as Venezuela is plum out of greenbacks. In that sense, and after suggesting that if there is no vault space to house the bars he would put them in the basement of his Presidential Palace, Mr. C came one step closer to the ultimate Marxist utterance on gold; that of using it to line certain bathroom fixtures...
When Will Haleys Comet Come Back - News
Gold is once again running at or near parity and dueling with the noble metal in an occurrence almost as rare as Haley's comet visit to the solar system. Palladium was the lone decliner this morning, shedding $2 to start Friday's session at $750.00 the
Relative to the Solar System, the Sun is in a fixed position. So it's easy for Halley's Comet to find it every 76 years. It's about where it last left it…, somewhat. Science will say that it is gravity controlling it's re-entry towards the Sun.
For all practical purposes, it might not have a real future and to call this a turnaround situation would be about as optimistic as a senior citizen wondering when the next sighting of Halley's Comet will be. The company may have protected its losses
The Perseid meteor shower owes its name to the Perseus constellation where the meteors appear to come from. The phenomenon starts in July and will peak on Saturday this year. It is associated with the Swift-Tuttle comet, infamous for allegedly wiping
These phenomena are as rare today as sightings of Halley's comet. But they did happen -- in case you missed it -- as recently as this month when will.i.am, the front man and producer for the award-winning musical group The Black Eyed Peas,