Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Gold has longest losing streak since October

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

London Telegraph
Tuesday, March 3, 2009

Stock market futures rose after yesterday’s 4.7pc decline left the Standard & Poor’s 500 Index at the cheapest price relative to earnings since 1986. Before today, gold had gained 6.3pc this year, topping $1,000 an ounce on February 20 for the first time in 11 months.

“Another sector rotation could take place with speculative funds abandoning safe-haven assets to pile into oversold equity markets,” said Jon Nadler, a senior analyst at Kitco in Montreal.

(ARTICLE CONTINUES BELOW)

Gold has longest losing streak since October obamadecept 340x169

Gold futures for April delivery fell $14.30, or 1.5pc, to $925.70 an ounce at 9.09am on the Comex division of the New York Mercantile Exchange. The metal dropped 6.2pc in the previous six sessions.

Silver futures for May delivery fell 33 cents, or 2.5pc, to $12.74 an ounce. By yesterday the metal had risen 16pc so far this year.

This article was posted: Tuesday, March 3, 2009 at 11:16 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About U.S. Air Strikes on Syria With Syrian Girl See the rest on the Alex Jones YouTube channel.

Mysterious Georgia Guidestones Get Strange '2014' Update See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.