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Reply #19: Gold tumbles to 4-week low [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-04 11:31 AM
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19. Gold tumbles to 4-week low /

Gold for June delivery fell $12.40 to $408.50 on the Chicago Mercantile Exchange as the dollar climbed to a 3-1/2 month high versus the euro following the U.S. retail sales figures.


The stronger dollar gave more incentive to liquidate, by raising gold's price in other currencies, and some investors sold gold they had bought last week to hedge their portfolios against potential global security risks over the Easter break.

"Short-term direction is still heavily dependent on the currencies, however, with the market set to trade sideways around $405-30 for a while as traders continue to weigh up the latest economic news from the U.S., Europe and Japan," wrote analyst James Moore at, according to Reuters.
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  -STOCK MARKET WATCH, Tuesday 13 April ozymandius  Apr-13-04 07:00 AM   #0 
  - Love your Rove quote  boobooday   Apr-13-04 07:28 AM   #1 
  - Dollar Watch  54anickel   Apr-13-04 07:34 AM   #2 
  - US Dollar Collapse - two realities  ozymandius   Apr-13-04 10:09 AM   #11 
     - I believe that sums it up.  54anickel   Apr-13-04 10:22 AM   #15 
  - Effects of a Bond Market Plunge  54anickel   Apr-13-04 07:53 AM   #3 
  - What are investors' options?  javadu   Apr-13-04 01:09 PM   #23 
     - Those 401Ks do seem to have had the desired effect of pouring  54anickel   Apr-13-04 01:23 PM   #28 
  - Employment Games & Other Silly Statistics  54anickel   Apr-13-04 08:02 AM   #4 
  - Appreciation  yltlatl   Apr-13-04 08:35 AM   #5 
  - Thanks and You're welcome.  ozymandius   Apr-13-04 08:45 AM   #9 
  - WrapUp by Jim Willie CB  ozymandius   Apr-13-04 08:37 AM   #6 
  - Whoops, Sorry there Ozy. Seems I duped your post! Guess that's  54anickel   Apr-13-04 08:44 AM   #8 
  - Market Wrap-up (my "buddy", Jim Willie CB!!)  54anickel   Apr-13-04 08:41 AM   #7 
  - An excellent article. Good to bookmark for his links, also. Most of the  KoKo01   Apr-13-04 01:15 PM   #26 
  - 10:15 numbers and blather (they ain't sayin' much)  54anickel   Apr-13-04 09:18 AM   #10 
  - Creeping along an hour later  Maeve   Apr-13-04 10:13 AM   #12 
  - lower at 11:14  ozymandius   Apr-13-04 10:15 AM   #13 
  - Bye folks.  ozymandius   Apr-13-04 10:19 AM   #14 
  - always glad to see that this thread is still going  radfringe   Apr-13-04 10:25 AM   #16 
  - Sadly, Rad, you are correct. Particularly since in the last ten or so  KoKo01   Apr-13-04 01:24 PM   #29 
  - Lunchtime check-in 12:17  54anickel   Apr-13-04 11:19 AM   #17 
  - Oil prices supported by violence in Iraq  54anickel   Apr-13-04 11:29 AM   #18 
  - Gold tumbles to 4-week low  54anickel   Apr-13-04 11:31 AM   #19 
  - SEC Seeks Mutual Fund Cos.' Disclosure  salin   Apr-13-04 12:33 PM   #20 
  - Massachusetts to allow Putnam to bid for pension funds  54anickel   Apr-13-04 12:54 PM   #21 
  - Citigroup Is Top Underwriter for Firms Gone Bankrupt (Update1)  54anickel   Apr-13-04 12:57 PM   #22 
  - 2:09 numbers ad blather  Maeve   Apr-13-04 01:09 PM   #24 
  - A much, much, much stronger economy. Oh yeah! That's the ticket!  54anickel   Apr-13-04 01:32 PM   #32 
  - US posts $72.70 bln budget deficit in March  UpInArms   Apr-13-04 01:14 PM   #25 
  - Boy you're fast. I just got that.  Frodo   Apr-13-04 01:21 PM   #27 
  - almost as fast as the numbers :)  UpInArms   Apr-13-04 01:29 PM   #31 
     - Banking is doing ok as a sector - there are always exceptions.  Frodo   Apr-13-04 01:52 PM   #38 
  - Hey, hey, welcome home UIA! Missed ya something awful around  54anickel   Apr-13-04 01:25 PM   #30 
  - thanks for the welcome back 54anickel!  UpInArms   Apr-13-04 01:32 PM   #33 
     - Hey, it's not all bad. Look at the buck heading up on it's probably  54anickel   Apr-13-04 01:36 PM   #35 
        - market sad - dollar happy  UpInArms   Apr-13-04 01:44 PM   #37 
           - Lots of big moves, all on speculation of what is now going to be  54anickel   Apr-13-04 02:00 PM   #39 
  - Nice to see ya back UIA! Even with the bad tidings of Budget Gap!  KoKo01   Apr-13-04 01:34 PM   #34 
     - Hiya KoKo01!  UpInArms   Apr-13-04 01:40 PM   #36 
  - 3:22 update - Carnage? Sheesh these people over react.  54anickel   Apr-13-04 02:25 PM   #40 
  - Retail sales rise by 1.8 percent in March  54anickel   Apr-13-04 02:55 PM   #41 
  - Interest Rate Fears Prompt Stock Selloff  54anickel   Apr-13-04 03:05 PM   #42 
  - Dollar Up on Renewed Economic Optimism  Freddie Stubbs   Apr-13-04 03:14 PM   #43 
  - Heed the warning from the Forex trader posted in the Dollar Watch  54anickel   Apr-13-04 03:23 PM   #44 
  - Closing numbers and yada  54anickel   Apr-13-04 04:15 PM   #45 

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