Gold Finished the Week Nicely

Currency	Chg% X=1$USD	NY Time	X= 1$USD	X$USD =1	Gold Price/oz	Gold Chg	Gold Chg%
US Dollar	--	02/08-16:35	--	--	922.00	+3.80		+0.41%
Australian Dollar	+0.00%	02/08-16:30	1.1166	0.8956	1029.46	+4.24		+0.41%
Brazilian Real	+0.20%	02/08-16:33	1.7629	0.5672	1625.39	+3.39		+0.21%
British Pound	-0.19%	02/08-16:35	0.5143	1.9446	474.14	+2.83		+0.60%
Canadian Dollar	-0.01%	02/08-16:30	0.9995	1.0006	921.49	+3.89		+0.42%
Chinese Yuan	+0.00%	02/05-20:27	7.1861	0.1392	6625.58	+27.31		+0.41%
Euro	0.00%	02/08-16:30	0.6891	1.4513	635.30	+2.62		+0.41%
Indian Rupee	+0.04%	02/08-14:54	39.6050	0.0252	36515.81	+136.73		+0.38%
Japanese Yen	+0.05%	02/08-16:34	107.3100	0.0093	98939.82	+361.87		+0.37%
Mexican Pesos	+0.10%	02/08-16:35	10.7575	0.0930	9918.42	+30.69		+0.31%
Russian Ruble	+0.02%	02/08-16:00	24.7437	0.0404	22813.69	+89.80		+0.40%
S.African Rand	+0.27%	02/08-16:34	7.7950	0.1283	7186.99	+10.25		+0.14%
Swiss Franc	+0.09%	02/08-16:33	1.1025	0.9071	1016.46	+3.27		+0.32%

From this www.Kitco.com chart, we can see that gold was up in all the reported currencies. Gold finished the week very strongly. It seems that some of the traders felt more secure with their funds in the precious metal rather than paper currencies. Will we see more of this next week? I don't know, but the precious metals acted very strongly.

Gold finished at 922.50, silver at 17.16, and platinum at 1881. All were up. Maybe we are in for another upward sprint before the next correction. We will have to wait and see how the markets go next week.

The Dow closed at 1282.13; TRANS at 4711.67, and S&P500 at 1331.29. All were down, so the general market did not fare too well. It is about time for an upward bounce in the general market, and we will be watching to see what the market is saying.

Be sure to join in corporate worship on the Lord's Day. It is very important in the present and future life.

Best to each, Doug