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Gold Cuts 2009 Gains to 30% as Deflation Hits Europe, China Hits New Year “Gold Rush”
Posted By admin On December 30, 2009 @ 5:34 am In Money Watch | Comments Disabled
Bullion Vault 
Wednesday, Dec 30th, 2009
The price of Gold dropped to a 3-session low at the start of London dealing on Wednesday, cutting its 2009 gains vs. the Dollar to 30% and losing 2.1% for the week so far.
World stock markets fell together with government bonds. The US Dollar ticked higher on the forex market.
Crude oil held near a 77% gain for the year above $79 per barrel.
Copper and zinc traded at the London Metal Exchange ticked higher from Tuesday’s 15-month closing highs.
“With [the Tocom Gold Futures exchange in] Japan out today and the holidays upon us, trading has been thin overnight and the market remains vulnerable to sharp moves,” says a note from precious metals dealer Mitsui.
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here 
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URLs in this post:
 Bullion Vault: http://goldnews.bullionvault.com/gold_2009_123020091
 Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html
 Gold Gains as Dollar Weakens on Fed; Silver Reaches 30-Year High: http://www.prisonplanet.com/gold-gains-as-dollar-weakens-on-fed-silver-reaches-30-year-high.html
 Gold Climbs to One-Week High as Dollar Declines; Platinum Gains: http://www.prisonplanet.com/gold-climbs-to-one-week-high-as-dollar-declines-platinum-gains.html
 Gold hits record on euro, silver jumps to 31-year top: http://www.prisonplanet.com/gold-hits-record-on-euro-silver-jumps-to-31-year-top.html
 Gold hits fresh high as US dollar falls to three-year low: http://www.prisonplanet.com/gold-hits-fresh-high-as-us-dollar-falls-to-three-year-low.html
 PRECIOUS-Gold hits record high as dollar slides: http://www.prisonplanet.com/precious-gold-hits-record-high-as-dollar-slides.html
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