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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-18-06 05:35 AM
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5. Gold rises as fears over 'nuclear' Iran see oil prices spike
GOLD surged to a fresh 25-year high yesterday, buoyed by concerns over Iran's nuclear ambitions and surges in oil prices, which breached the $70 a barrel level for the first time since Hurricane Katrina hit the US coast last August.

Meanwhile, silver powered to its highest since May 1983 on hopes for the first silver exchange-traded fund. Hedge funds and operators investing in the short term were anxious about shifting their funds into gold and silver for the purpose of diversifying and raising higher returns.

Spot gold rose as high as $606.10 an ounce - the highest since December 1980 - while silver rose to $13.33 per ounce, the highest since May 1983.

-cut-

"We all know both gold and silver prices are too high, but no long-holders are willing to sell, while short-holders were getting heavily squeezed," said Takashi Ogura, a risk management section manager at Kanetsu Asset Management. "People don't want to go against the present bullish trend, so prices are surging," he added.

more...

http://business.scotsman.com/economy.cfm?id=583892006
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  -STOCK MARKET WATCH, Tuesday 18 April ozymandius  Apr-18-06 05:12 AM   #0 
  - WrapUp by Rob Kirby  ozymandius   Apr-18-06 05:17 AM   #1 
  - Oy yoy yoy  InsultComicDog   Apr-18-06 06:33 AM   #10 
     - Let me know if you can figure out that one  RawMaterials   Apr-18-06 07:26 AM   #12 
     - What to do?  Danascot   Apr-18-06 07:42 AM   #18 
     - Morning Marketeers,  AnneD   Apr-18-06 08:42 AM   #43 
  - Today's Reports  ozymandius   Apr-18-06 05:20 AM   #2 
  - 8:30 Reports tumbling in:  UpInArms   Apr-18-06 07:32 AM   #13 
  - U.S. March housing starts down 7.8% to 1.96 mln units  UpInArms   Apr-18-06 07:33 AM   #14 
  - U.S. March PPI up 0.5%, core PPI up 0.1%  UpInArms   Apr-18-06 07:34 AM   #15 
     - Gas Prices Push Up Wholesale Inflation  UpInArms   Apr-18-06 08:02 AM   #28 
  - FOMC Minutes:  UpInArms   Apr-18-06 01:03 PM   #97 
     - FOMC minutes: Most members thought rate hike end was 'near'  UpInArms   Apr-18-06 01:03 PM   #98 
        - Odds of June rate hike fade after minutes, data, Yellen  UpInArms   Apr-18-06 01:17 PM   #103 
  - Oil hits record $72 on Iran fears  ozymandius   Apr-18-06 05:25 AM   #3 
  - Crude touches post-Katrina highs  ozymandius   Apr-18-06 05:27 AM   #4 
  - Uncle Sam's hand in high gas prices?  ozymandius   Apr-18-06 05:44 AM   #8 
  - Bastards have no one to blame but themselves for the ethanol scramble.  54anickel   Apr-18-06 07:39 AM   #16 
     - I remember reading a paper on ethics and business...  AnneD   Apr-18-06 08:52 AM   #47 
        - Nah, that's long-term thinking. Nobody does that anymore - it's so 70's  54anickel   Apr-18-06 08:58 AM   #50 
           - Well...  AnneD   Apr-18-06 09:28 AM   #62 
           - It's all about the short-term, bay-bee!!  Roland99   Apr-18-06 09:47 AM   #66 
  - Record oil prices shake investor confidence  UpInArms   Apr-18-06 08:04 AM   #29 
  - Iran parades its military might  UpInArms   Apr-18-06 08:59 AM   #51 
  - Russia Still Opposed to Sanctions on Iran  UpInArms   Apr-18-06 09:14 AM   #59 
  - Sanctions against Iran (Ron Paul)  54anickel   Apr-18-06 05:37 PM   #141 
  - Crude touches Nymex high at $70.55 a barrel  UpInArms   Apr-18-06 09:21 AM   #61 
  - Behind the curve: CIBC ups '06 oil price to $65 bbl  UpInArms   Apr-18-06 09:40 AM   #65 
  - Laugh of the Day: Bush 'concerned' about rising gas prices  UpInArms   Apr-18-06 10:44 AM   #72 
  - "As he turned around and gave his trademark shoulder-raising cackle"  Roland99   Apr-18-06 12:25 PM   #84 
  - Crude-oil futures hold near record high (@ $70.50 bbl)  UpInArms   Apr-18-06 11:45 AM   #77 
  - Crude @ record $70.90 bbl  UpInArms   Apr-18-06 12:48 PM   #94 
  - Crude closes with a Nymex record @ $71.35 bbl  UpInArms   Apr-18-06 02:14 PM   #121 
     - Crude closes at record $71.35 a barrel  UpInArms   Apr-18-06 02:15 PM   #122 
  - Gold rises as fears over 'nuclear' Iran see oil prices spike  ozymandius   Apr-18-06 05:35 AM   #5 
  - Gold keeps rising on Iran fears and record crude - June Gold @ $620.10 oz  UpInArms   Apr-18-06 10:11 AM   #69 
  - Gold closes @ $623.30 oz - Silver @ $13.785 oz - Copper @ $2.971 lb  UpInArms   Apr-18-06 12:53 PM   #95 
     - Gold closes at 25-year high of $623.30/oz  UpInArms   Apr-18-06 01:00 PM   #96 
  - Chief Executive of Wendy's Retires Amid Declining Sales  ozymandius   Apr-18-06 05:38 AM   #6 
  - Eat responsibly, McDonald's says (trans.: Do not eat here.)  ozymandius   Apr-18-06 05:39 AM   #7 
  - That Kirby piece was some compelling reading, Oz  acmejack   Apr-18-06 06:32 AM   #9 
     - If ever I venture to Texas -  ozymandius   Apr-18-06 08:08 AM   #32 
  - Guess their stock isn't "Biggie" sized  InsultComicDog   Apr-18-06 06:57 AM   #11 
  - Maybe....  AnneD   Apr-18-06 09:01 AM   #52 
  - Wendy's ex-CEO to get $3M under retirement pact  UpInArms   Apr-18-06 09:08 AM   #57 
     - More lettuce..  AnneD   Apr-18-06 12:30 PM   #87 
  - daily dollar watch  UpInArms   Apr-18-06 07:42 AM   #17 
  - Dollar dips after PPI, housing starts data  UpInArms   Apr-18-06 07:56 AM   #26 
  - dollar diving  UpInArms   Apr-18-06 08:31 AM   #38 
  - Interest Rates  54anickel   Apr-18-06 08:55 AM   #48 
  - Not including inflation of money supply or deflation of dollar trade value  Festivito   Apr-18-06 01:05 PM   #99 
  - checking the pulse of the ailing dollar  UpInArms   Apr-18-06 02:11 PM   #120 
  - Bank mergers are costing you  UpInArms   Apr-18-06 07:45 AM   #19 
  - Whodathunk? n/t  54anickel   Apr-18-06 08:29 AM   #37 
  - Bulls Are Running to India, Raising Fears of a Bubble  54anickel   Apr-18-06 07:45 AM   #20 
  - IMHO  AnneD   Apr-18-06 08:58 AM   #49 
  - Boeing to Scale Back Wichita Operations - layoff 900  UpInArms   Apr-18-06 07:46 AM   #21 
  - Very Curious: Citing Security, C.I.A. Seeks Suit's Dismissal  UpInArms   Apr-18-06 07:48 AM   #22 
  - Wow, very curious indeed. I'm surprised this couple wasn't  54anickel   Apr-18-06 08:01 AM   #27 
  - Japan's giant sucking sound  54anickel   Apr-18-06 07:49 AM   #23 
  - Gotta point this little bit out from the article before I head out to do  54anickel   Apr-18-06 09:03 AM   #53 
  - Bush picks Portman for budget, Schwab for trade  UpInArms   Apr-18-06 07:54 AM   #24 
  - I thought that name was familiar. She's the great free-trader that was  54anickel   Apr-18-06 08:26 AM   #34 
  - here's what I found:  UpInArms   Apr-18-06 08:28 AM   #36 
  - Way To Go Natalie!  OrangeCountyDemocrat   Apr-18-06 02:44 PM   #129 
  - Glatfelter to close Wisconsin facility  UpInArms   Apr-18-06 07:54 AM   #25 
  - Krispy Kreme Sees Losses  UpInArms   Apr-18-06 08:06 AM   #30 
  - Why did Carlyle buy them?  silverlib   Apr-18-06 08:39 AM   #40 
     - They purchased Dunkin' Donuts.  ozymandius   Apr-18-06 09:06 AM   #54 
     - I said at the time...  AnneD   Apr-18-06 09:07 AM   #55 
     - I think you're onto something. The losses might help the bottom line  wordpix   Apr-18-06 12:32 PM   #89 
        - Not only that but.....  AnneD   Apr-18-06 12:45 PM   #93 
     - they're making US soldiers live on white flour, sugar and grease now?  wordpix   Apr-18-06 12:31 PM   #88 
  - I.R.S. Says Symantec Owes almost $1 Billion in back taxes  UpInArms   Apr-18-06 08:08 AM   #31 
  - pre-open blather  ozymandius   Apr-18-06 08:11 AM   #33 
  - 9:35 EST Doing the happy dance in LaLa Land  UpInArms   Apr-18-06 08:37 AM   #39 
  - Hot Temperatures Force Blackouts in Texas  UpInArms   Apr-18-06 08:27 AM   #35 
  - Yes but we have a lot of solar energy....  AnneD   Apr-18-06 09:12 AM   #58 
  - Treas. Dept Official: US hedge fund industry now less risky  UpInArms   Apr-18-06 08:40 AM   #41 
  - Printing Press Hums:Fed adds temporary bank reserves via overnight repos  UpInArms   Apr-18-06 08:43 AM   #44 
  - Is it just me, or have they been doing this every night...  bain_sidhe   Apr-18-06 12:02 PM   #80 
     - hiya bain_sidhe!  UpInArms   Apr-18-06 12:08 PM   #81 
        - I'd probably enjoy it more  bain_sidhe   Apr-18-06 12:23 PM   #83 
           - here's an attempt to make some sense of it  UpInArms   Apr-18-06 12:45 PM   #91 
  - The players will watch themselves. Nifty.  Roland99   Apr-18-06 09:48 AM   #67 
  - Fed's Moskow: Many worry about future of Midwest auto sector  UpInArms   Apr-18-06 10:09 AM   #68 
  - For Enron foes, some similarities  UpInArms   Apr-18-06 08:42 AM   #42 
  - Sean Berkowitz...  AnneD   Apr-18-06 09:32 AM   #64 
  - Skilling Grows Tense During Cross-Examination in Enron Fraud Trial  UpInArms   Apr-18-06 11:53 AM   #79 
     - Sean Berkowitz...  AnneD   Apr-18-06 12:28 PM   #86 
  - High costs of child care can lead to lifestyle changes, adjustments  54anickel   Apr-18-06 08:47 AM   #45 
  - This seem a bit more that random $-fluctuations:  Jemmons   Apr-18-06 08:49 AM   #46 
  - It may be just me seeing things...  skids   Apr-18-06 09:19 AM   #60 
  - Market Action and Information (Hussman)  54anickel   Apr-18-06 09:07 AM   #56 
  - Carl Bernstein (Watergate Journalist) urges Watergate-style investigation  UpInArms   Apr-18-06 09:31 AM   #63 
  - We Don't Need No Stinkin' Investigations....  OrangeCountyDemocrat   Apr-18-06 02:50 PM   #131 
     - and here I am anxiously awaiting Friday's big question?  UpInArms   Apr-18-06 02:57 PM   #133 
  - U.S. CDO downgrades dominate in Q1 - S&P  UpInArms   Apr-18-06 10:14 AM   #70 
  - 11:23 EST Markets lovin' high oil, gold and war  UpInArms   Apr-18-06 10:25 AM   #71 
  - Fed Speaks, Fed Pumps -- Fascism at its Finest  specimenfred1984   Apr-18-06 11:26 AM   #73 
  - 12:33 EST FedSpew does its trick  UpInArms   Apr-18-06 11:35 AM   #74 
  - Yay!! Ponies for everybody!!  JNelson6563   Apr-18-06 11:39 AM   #75 
  - Yay! I'm gonna be a cowboy! Look at 'em go!  ozymandius   Apr-18-06 11:45 AM   #78 
     - 1:09pm.... YEE HAW!!!!  Roland99   Apr-18-06 12:09 PM   #82 
  - what's this irrational exuberance about? High oil prices? Nuke arms race?  wordpix   Apr-18-06 12:27 PM   #85 
     - My guess....  AnneD   Apr-18-06 12:37 PM   #90 
     - Markets are Pure Corporate & Gov't Frauds Now  specimenfred1984   Apr-18-06 12:45 PM   #92 
        - Market crashes do not cause depressions.  Zynx   Apr-18-06 04:22 PM   #138 
  - Systemic risk has grown in U.S.- study  UpInArms   Apr-18-06 11:40 AM   #76 
  - 2:04 EST Champagne Corks Poppin'!  UpInArms   Apr-18-06 01:05 PM   #100 
  - Pennies for scrap: it's good cents  RawMaterials   Apr-18-06 01:05 PM   #101 
  - Someone humor me please  Changenow   Apr-18-06 01:15 PM   #102 
  - The Fed is saying that interest rate hikes have gone the way of  UpInArms   Apr-18-06 01:19 PM   #104 
  - This is the best post  RawMaterials   Apr-18-06 01:33 PM   #106 
  - Thanks.  Changenow   Apr-18-06 01:52 PM   #110 
  - CPI came in at 0.1% so the markets are going nuts about no more rate hikes  Roland99   Apr-18-06 01:32 PM   #105 
  - As long as you don't use food or fuel you're A-Ok!  rfranklin   Apr-18-06 01:38 PM   #108 
     - All consumer goods are up  Changenow   Apr-18-06 01:54 PM   #111 
        - Someone posted a thread (in GD, maybe) about paying more for LESS  Roland99   Apr-18-06 01:56 PM   #113 
           - This has been well-documented by MSM...  rfranklin   Apr-18-06 02:03 PM   #115 
           - It's unbelievable how expensive  Changenow   Apr-18-06 02:04 PM   #116 
           - I know I mentioned it here on this thread a while back...  AnneD   Apr-18-06 02:30 PM   #125 
  - Corrupt Banks Pay More When Rates are Higher  specimenfred1984   Apr-18-06 01:37 PM   #107 
     - Just remember how great the stock market was doing just before the  fasttense   Apr-18-06 01:50 PM   #109 
     - Where would you put your money  Changenow   Apr-18-06 01:55 PM   #112 
     - My prediction: STOCK MARKET will tank by weekend!  rfranklin   Apr-18-06 02:00 PM   #114 
        - Likely not that soon,  Changenow   Apr-18-06 02:05 PM   #117 
        - How far? n/t  Sammy Pepys   Apr-18-06 02:36 PM   #127 
  - enter the Witching Hour  ozymandius   Apr-18-06 02:07 PM   #118 
  - updated blather  ozymandius   Apr-18-06 02:10 PM   #119 
  - US FEC says Freddie Mac to pay $3.8 mln civil fine  UpInArms   Apr-18-06 02:21 PM   #123 
  - 3:24 EST Stupidity is the word for the day  UpInArms   Apr-18-06 02:25 PM   #124 
  - How many suckers do you think are putting their money on the line  ozymandius   Apr-18-06 02:43 PM   #128 
  - Precious metals hitting new 25-year highs and oil hitting all-time highs  Roland99   Apr-18-06 02:49 PM   #130 
  - brings a song to my mind, Ozy  UpInArms   Apr-18-06 02:55 PM   #132 
     - Ah yes  AnneD   Apr-18-06 03:15 PM   #134 
  - There are precisely two sectors that should have rallied today:  Zynx   Apr-18-06 04:19 PM   #137 
  - You People Worry Too Much  OrangeCountyDemocrat   Apr-18-06 02:35 PM   #126 
  - I love this country....  AnneD   Apr-18-06 03:18 PM   #135 
  - closing numbers to this fine, fine day  ozymandius   Apr-18-06 03:46 PM   #136 
  - Why Bull Markets Go Up Forever  54anickel   Apr-18-06 05:34 PM   #140 
     - We are not exactly in a bull market right now.  Zynx   Apr-18-06 05:39 PM   #142 
     - hows that pg stock you like so much  RawMaterials   Apr-18-06 08:08 PM   #145 
        - It's up $26 since I bought it so I'm not complaining.  Zynx   Apr-19-06 07:51 AM   #146 
     - Ah, yes - "This time it's different" How refreshingly nostalgic!!  hatrack   Apr-19-06 07:54 AM   #147 
  - Oh my! The buck just took another dive straight down  54anickel   Apr-18-06 05:26 PM   #139 
  - The stock market actually likes that a lot.  Zynx   Apr-18-06 05:41 PM   #143 
  - Gold and the Global Bombing Index (How utterly sad)  54anickel   Apr-18-06 06:41 PM   #144 
  - GOLD $640  RawMaterials   Apr-19-06 05:36 PM   #148 
 

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