A Slight Increase Today
Well, gold went from a low of $547.10 yesterday evening at 7:43 to a high today at 1:15 of $559.40 and closed out the day at $558.40. Much of the time was spent above $550 and it closed nearer the high.
Some late prices: DROOY $1.46; HMY $15.34; NEM $57.97, and SSRI $17.47.
Another week has gone and the month is leaving us after Tuesday. The civil conflict in Iraq continues, as does the saber rattling about Iran. Also, the "pressure" on China to revalue the Renminbi continues. By the way, the Renminbi moved up to a new high over night. Every little bit helps, if you are into currencies, particularly, that one! Dubai has decided not to take over our 6 eastern ports and 2 Gulf ports for a while to allow President Bush time to settle the opposition in Congress. General. Pace, Joint Chiefs of Staff praises Dubai for its support of US by offering bases and allowing US to operate from them. That could be the reason behind the port deal.
We are moving into the time of the year in real estate when thoughts of moving up or remodeling often race through the heads of home owners and potential owners. As the real estate boom seems to be topping out, it will be interesting to see how it turns out this early spring.
The dollar has been holding up for a week or so, but seems under some pressure today. Iran is to open their oil trading in EUROs about the middle of next month and there are rumblings from others who would like to do the same. Will they or wont they? If it happens, that will put more downward pressure on the dollar.
Once again, we are looking forward to the weekend and the joy of worshiping the Lord and fellowshiping with His people. I would invite you to do the same. As Scripture tells us, "Not forsaking the assembling of ourselves together, as the manner of some is; but exhorting one another; and so much the more, as ye see the day approaching." (Heb. 10:25) I believe this, at least in part, refers to the joining together of the people of God for worship each Lord's Day.
Have a great weekend, even though it is only for two days -- not the three of last weekend.
Best to each, Doug
Some late prices: DROOY $1.46; HMY $15.34; NEM $57.97, and SSRI $17.47.
Another week has gone and the month is leaving us after Tuesday. The civil conflict in Iraq continues, as does the saber rattling about Iran. Also, the "pressure" on China to revalue the Renminbi continues. By the way, the Renminbi moved up to a new high over night. Every little bit helps, if you are into currencies, particularly, that one! Dubai has decided not to take over our 6 eastern ports and 2 Gulf ports for a while to allow President Bush time to settle the opposition in Congress. General. Pace, Joint Chiefs of Staff praises Dubai for its support of US by offering bases and allowing US to operate from them. That could be the reason behind the port deal.
We are moving into the time of the year in real estate when thoughts of moving up or remodeling often race through the heads of home owners and potential owners. As the real estate boom seems to be topping out, it will be interesting to see how it turns out this early spring.
The dollar has been holding up for a week or so, but seems under some pressure today. Iran is to open their oil trading in EUROs about the middle of next month and there are rumblings from others who would like to do the same. Will they or wont they? If it happens, that will put more downward pressure on the dollar.
Once again, we are looking forward to the weekend and the joy of worshiping the Lord and fellowshiping with His people. I would invite you to do the same. As Scripture tells us, "Not forsaking the assembling of ourselves together, as the manner of some is; but exhorting one another; and so much the more, as ye see the day approaching." (Heb. 10:25) I believe this, at least in part, refers to the joining together of the people of God for worship each Lord's Day.
Have a great weekend, even though it is only for two days -- not the three of last weekend.
Best to each, Doug
posted by Doug @ 2:26 PM
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