11/08/2010

Gold Hits $1,400 an ounce!!

Life was filled with guns and war,

And everyone got trampled on the floor,
I wish we'd all been ready

Children died, the days grew cold,
A piece of bread could buy a bag of gold,
I wish we'd all been ready
Larry Norman -"I Wish We'd All Been Ready"



Gold reverts to record high, breezes past $1,400

By Claudia Assis SAN FRANCISCO (MarketWatch) -- Gold futures turned positive Monday, hitting a fresh record and soaring beyond $1,400 an ounce in the process. Gold for December delivery recently traded up $1.90, or 0.2%, to $1,399.80 an ounce on the Comex division of the New York Mercantile Exchange. The metal earlier hit an intraday high of $1,402 an ounce. Gold started floor trading in the red, losing as much as $10 from Friday's settlement close as the dollar rose, but pared losses as the session progressed and investors bought gold to protect against sovereign debt woes in Europe, namely from Portugal and Ireland.

Story - Wall Street Journal Market Watch



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