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Gold Rebounds With Euro

b0b_c Wrote: Nov 01, 2012 8:43 PM
Mike Huckabee lied about Obama growing up in Kenya. Is he a Christian? Does the Huckster place the Republican party above God?
b0b_c Wrote: Nov 01, 2012 8:43 PM
Thou shalt not bear false witness against they neighbor!!! Another commandment forgotten by the GOP!

European equities and currency continued higher in overnight trading, putting gold on positive footing as trading struggles to resume in the U.S. on Wednesday.

Gold started out up $9.49 early to $1,720.29 and silver was up $0.35 to $32.21, lowering the silver/gold ratio to 53.4. 

In some ways it was inevitable gold would recover as it stubbornly clung to prices over $1,700 an ounce when the dollar was making big gains against the euro almost daily.  Still, the long-term picture for gold didn’t change much.  Both Europe and U.S. are stuck in a QE to infinity...

Related Tags: Euro