Future / Expiration | USD / Unit | Today's Chg |
---|---|---|
92.60 USD/Bbl. | 0.77% | |
3.93 USD/MMBtu | 0.18% | |
1,717.60 USD/T Oz. | 1.69% | |
645.75 USd/Bu. | 1.41% | |
1,212.50 USd/Bu. | 1.10% |
CitiCorps (pronounced "Citi - Core" for all you Obamanites) believes gold is on the rise, again, could climb to 1950, a record high.
Generally speaking, gold increases on the back of a weakening dollar.
What is not on this chart is the price of copper. It is on the rise, as well. And that is especially good news. Copper is the most used industrial metal. When its demand increases, that signals an improving manufacturing base. This goes against the notion that we will "double dip" into recession.
Of course, this Review believes we have not escaped recession, using the same numbers Democrats used to bludgeon George Bush. And, "eye for an eye" is my editorial strategy. The Dems use of early 2008 numbers are being used, in type, for the forecasting here at The Review. "Live by the sword, die by the sword" is my advice to the Democrats.
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