Friday, November 20, 2009

Cash is King? We could only hope

It is a shame that it will not last.


Bloomberg.com
Gold Futures Fall as Dollar’s Rebound Cuts Investment Demand

By Nicholas Larkin and Pham-Duy Nguyen
Nov. 20 (Bloomberg) -- Gold futures dropped as the dollar’s rebound curbed demand for the precious metal as an alternative investment.

The dollar gained as much as 0.8 percent against a basket of major currencies as short-term Treasuries climbed and equities fell. Before today, gold rose 9.8 percent this month, reaching a record $1,153.40 an ounce on Nov. 18.
Full article

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