Tuesday, September 08, 2009

Gold tops $1,000 an ounce to hit 18-month high

Date: Tuesday, September 8, 2009
Gold tops $1,000 an ounce to hit 18-month high

Gold surges above $1,000 an ounce for the first time in nearly 18 months,
propelled by sharp weakness in the U.S. dollar.


WHY ARE THE GOLD SKEPTICS SKEPTICAL?

Contrarian-oriented gold investors are paying close attention to the reasons
the gold skeptics are giving for not turning bullish. They are looking for
clues as to what it will take to turn them into bulls and thereby weaken the
contrarian foundation of any future rally in the price of gold.

WHY ARE THE GOLD SKEPTICS SKEPTICAL?

Contrarian-oriented gold investors are paying close attention to the reasons
the gold skeptics are giving for not turning bullish. They are looking for
clues as to what it will take to turn them into bulls and thereby weaken the
contrarian foundation of any future rally in the price of gold.


GOLD BUGS BRACE AMID RE-TEST OF $1,000 LEVEL

Gold seems poised to break $1,000 again, again, again. But the
battered bugs are wary, at least short-term.


OIL RALLIES AS DOLLAR FALLS; OPEC QUOTAS EYED

Oil futures rally more than 4%, as sharp weakness in the dollar boosts
commodity prices, and as energy traders weigh what might emerge from this
week's meeting of the OPEC oil cartel

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