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Gold Up On Low Volume

jlmmylynn Wrote: Oct 31, 2012 12:32 PM
When George W. Bush went to New Orleans after Hurricane Katrina, he said, "We will rebuild New Orleans no matter how long it takes!" Isn't that a socialist statement? Wasn't he suggesting that a redistribution of wealth take place? Where in the U.S. Constitution does it give the president the power to respond to a natural disaster? If a power is not explicitly given to the federal government then that power is left to the states. Long live the X Amendment!

The dollar lost ground against the euro in overnight trading sending gold prices higher as U.S. markets remain shut down by Hurricane Sandy. 

Gold is up $5.44 to $1,713.57  and silver is up $0.25 to $32.04, for a silver/gold ratio of 53.4. 

With U.S. markets closed because of the storm today’s numbers are right in line with currency valuations.  Given the volume of trading, I wouldn’t read too much into the numbers, even if trading starts up again on Wednesday, which is not at all clear at this point.  It’s going to take the markets at...