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Today is the first day of summer and you know what that means... |
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#81 | |
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Moderator
Join Date: Jun 2000
Location: Louisiana
Posts: 20,692
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Quote:
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Ninong |
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#82 |
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Moderator
Join Date: Jun 2000
Location: Louisiana
Posts: 20,692
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Gold hit $685/oz earlier today but crude oil has pulled back to $69.95/bbl.
Bloomberg has more on the gold situation here.
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Ninong |
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#83 |
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Moderator
Join Date: Jun 2000
Location: Louisiana
Posts: 20,692
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Mad Dog Mahmoud announced that he wrote a letter to President Bush and the gold and oil markets immediately went down. Oil dropped all the way down to around $69/bbl.
Then Condi Rice announced the next day that the letter wasn't serious and we would have no response to it and gold and oil reversed course. Oil is back up above $71/bbl and gold just passed $700/oz.
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Ninong |
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#84 |
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Moderator
Join Date: Jun 2000
Location: Louisiana
Posts: 20,692
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Crude oil is nearly $74/bbl this morning and gold is above $727/oz!!!
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Ninong |
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