Gold investing | Gold Slips Nearly 3 Percent As Oil Falls, Dollar Firms - Contrarian Stock Market Investing News

Friday, January 09th, 2009

Hot Topics : Hard Assets to Soar in 2009 | Bailouts to Boost Asian Markets | Treasury Bond Short Too Obvious? | Resource Scarcity Ahead

Gold Slips Nearly 3 Percent As Oil Falls, Dollar Firms

Dec 1st, 2008 | By Contrarian Profits | Category: Financial News, Gold Market

Gold fell nearly 3 percent on Monday as oil prices slipped more than $2 a barrel after OPEC’s decision to leave production unchanged at a meeting at the weekend, and as the dollar firmed against the euro.

Spot gold fell to a session low of $788.90 an ounce, and was quoted at $789.30/791.80 at 1143 GMT, down from $813.00 an ounce late on Friday.

Jan Harvey
London, Dec 1 (Reuters)

AdvertisementSarb-Ox Panic Hands Investors 7 Times Their Money

Why would a CEO voluntarily sell valuable assets at bargain basement prices? Why would a CEO do anything to "cause" investors to dump his company's stock ...artificially? Answer: to avoid jail time and huge fines. Fortunately, Horacio Marquez has found a way to use one CEO's fear of Sarb-Ox penalties to increase your money 7 times this year.
Read Report

By Contrarian Profits

December 17, 2008 -- Gold Eases on Profit Taking After Fed Rate Cut
November 28, 2008 -- Gold Eases on Dollar but Eyes Hefty on Monthly Gain
October 27, 2008 -- The Trading Theme Remains In Place

Leave Comment

Name (required)

Mail (will not be published) (required)

Website

	The current economic turmoil means there are a pile of hidden bargains in the markets right now. Bargains that won't be around forever. 'Hidden Value' helps you find the value opportunities that have been created by market volatility. It's a simple, short, email that features the top 4 value ideas of the day.		The Daily Reckoning offers a "uniquely refreshing" perspective on the global economy, investing and living well in uncertain times. Learn what to expect from today's volatile markets -- and how to prosper. Select Edition:
	Abundance is your guide to surviving and prospering in the coming 21st century depression. Learn the secrets of wealth protection and "emergency investing" from fiancial crisis guru James Dale Davidson.		Money Morning is the leading source of investment research on the global markets. Its free daily service provides news, research, investment opportunities and insights on international investing -- most of it well before it appears in the mainstream financial media.
	Investor's Daily Edge provides clear recommendations and practical strategies for protecting your portfolio and multiplying your money – whether the market is rising or falling.		Taipan Daily provides late-breaking investment opportunities to give you an insider's edge over the Street. Filled with investment analysis and insight from every sector, it delivers just the right blend of safe opportunities with the fast-moving plays.
	The Offshore A-Letter specializes in elite global investment opportunities, asset protection strategies, tax management solutions, second citizenship and residency programs and offshore structures.		Investment U delivers independent, no-nonsense investment advice on how to build long-lasting wealth, including investment research, reports, and interviews with a contrarian point of view.
	The Smart Profits Report is a valuable resource that you can use, whether you're a beginner or a seasoned pro. Our editors will guide you from the investment basics to the more advanced (yet easily-understandable) "out-of-the-box" trading strategies that immediately show you how to enjoy consistently bigger, faster gains than the average crowd that acts on Wall Street spin and mainstream media fluff.		The Penny Sleuth reveals what small-cap stocks the insiders are buying right now, the best online brokers availble and the advantage you have that Warren Buffett says is so great he could use it to make 50% a year -- every year.
	The Daily Resource PLUS was designed from the start to be the world's most comprehensive yet quick-reading daily e-letter providing concise updates on precious metals, energy, resource stocks, currencies, unfolding economic trends and more... including private placement financings!		Today's Financial News provides an independent and practical perspective on the US and global investment markets. Containing commentary, interviews and recommendations, it helps you make the right financial decisions.
	Whiskey and Gunpowder is brought to you by a team of rebellious brigands. Exploring commodities, politics, technology, nature, history and much more, it offers investment ideas and analysis you won't find in the mainstream media.