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Posted 11/15/2009 11:39:00 PM [GOLD] pushes relentlessly higher in a way one streak which has seen
spot prices take out even further record highs above $1130/oz. Earlier
wire talk of massive one-off buying in US gold futures as well as bullish
comments out from commodity fund manager, Blackrock Invt, boosted the
precious metal's initial appeal; but with the latest spike coinciding with
the Eur/Usd's gains back above 1.4970. Silver, platinium and palladium
have all advanced accordingly to fresh 2009 highs whilst [OIL] prices have
now spiked over $1 higher to $77.39. There appears to be no stopping the
upwards momentum in commodities, even with warnings of bubbly levels; and
in turn expected to keep commodity based ccies such as the Aussie and CAD,
pressing higher Copyright © 2010, Informa Global Markets
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