Dollar Gaps Up, Central Banks Sell Gold

July 25th, 2007

WARNING: This is not a recommendation to buy sell or hold any financial instrument.

HAHA! I love it. It’s gold dumping time in Europe.

And how about that U.S. Dollar index…

Via: Market Watch:

The dollar rose to a two-week high against the euro and gained against the yen early Wednesday, rebounding from multi-year lows it touched in the previous session.

Posted in Economy | Top Of Page

3 Responses to “Dollar Gaps Up, Central Banks Sell Gold”

  1. Ballad says:
    July 25, 2007 at 8:19 pm

    And I wonder who will be snapping up all that cheap gold?

  2. Kevin says:
    July 25, 2007 at 9:57 pm

    The range between $650 and $700 is a pressure cooker. It’s just a matter of time before They lose control of the thing.

  3. dermot says:
    July 26, 2007 at 3:40 am

    Ah, this sickens me. I’d love to be able to add a few more coins to my collection, and I suppose I could (got about ~20k split 50/50 between US and Can$), and about 30k in Gold/Silver — but I really want some liquid cash on hand also.

    It doesn’t help that I’m moving in a few months.

    I was gnashing teeth when gold hit 640 a few weeks ago. Quite frustrating.

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