Gold Prices Soar. Oil Futures Trading Moderatly.
GOLD: After reports of fund selling in Japan and talk of Bank selling in China, the US Gold market will be under significant pressure into the opening this morning. With the Dollar rising to the highest level since February 17th in the action yesterday and oil prices slowly climbing, the bull camp is under a new type of test. In fact, with the April gold failing to hold the $550 level in the overnight action, the market might be without close-in support until the $545.2 levelBut I doubt it, The buying power of Iraq seems like ENOUGH to keep the price above $595.00 an ounce. And I will also add that Singapore gold did show some gains, as some buyers there seemed to be waiting for a discount, but apparently global buyerscontinue to outnumber global sellers!Remember GOLD DUMPING is an INTERNATIONAL hobby and past time for BIG BANKS. THEY SELL IT HIGH AND BUY IT BACK CHEAP.
Remember watergate? Don't be fooled by letting someone tell you we are running out of GOLD. Tell them you know Better. And When a dealer offers you bullion below spot remember to ask what the shipping charges will be... I would bet a pound of gold the shipping and handling charge per ounce would more than eat up any so called savings. You work hard for your money. Protect it!!!
Now lets look at why Oil has been pushed aroud lately. Chad has pushed back until the end of April a deadline for halting oil production in a dispute with World Bank over frozen Chadian oil royalties.
Chad had threatened to stop its oil output unless the World Bank released the funds or a U.S.-led oil consortium operating in the central African country paid out at least $100 million.
A Chad government statement said it would relax the deadline, originally set for midday Tuesday, because it had accepted a U.S. government offer to mediate in the dispute.
"The government is happy to accept the American government's offer of mediation and has decided to grant the time proposed for this mediation by the U.S. State Department, that is, until the end of April," the statement, read on state radio, said. In my opinion Its just The Good Old USA buying a little more time before we have to pay ANOTHER Bucket full to TRY to keep peace in this uncivilized world.
I have to add this, When I was young I never gave much thought or consideration to how the last sentence of our National Anthem went... However now 25-30 years later I almost have tp pray it- Yes, God Bless the USA, Bless us for our trying to buy peace,dying to look like we are fighting for peace, and lying for all of the other corrupt things we say and do, trying to impress peace. And still after all the years of good-will, wars, lies, MONEY, and BLOOD... NO PEACE???
READ YOUR BIBLE!!! WAKE UP AMERICA, THIS ISN'T POLITICAL IT's BIBLICAL...
It said the top U.S. diplomat for Africa, Assistant Secretary of State for African Affairs Jendayi Frazer would travel to N'Djamena for talks, but did not specify when.
Chadian President Idriss Deby dragged oil to the centre of his country's political crisis on Friday by announcing the deadline for either the World Bank to unfreeze the royalties payments or for the U.S.-led oil consortium to pay up.
The government said it had asked the companies involved in Chad's oil production, U.S. oil majors(not identified here) to put the money directly in the state treasury account.
This announcement came a day after an assault by rebels on the capital N'Djamena in which several hundred people were killed.
I can't help it maybe too much coffe this morning. I liked the old school formula::::::::::::
23 Years ago, we would have sent the country military support. secured the perpetraitors, and dissembled.
Today due 2 way 2 much technolog- [.[.[.[.[ we send $$$$ ;the villians are still free- to horrify, and nothing has been solved, except 100's of completly innocent (inthis incident) people lost their lives.
It was the boldest attack yet by insurgents who have vowed to end Deby's nearly 16-year rule over the landlocked country. The rebels are also trying to disrupt a May 3 presidential election in which Deby is standing for a third term.
The oil royalties have been frozen for five months in a dispute with the World Bank after Chad changed an oil revenue law which earmarked a share of oil revenues for social spending for future generations.
I don't know the entire story because I have a life also but I beleive the C.E.O. of World Bank owes the families of those victims a personal apology. I Will never do business with World bank anymore, and I encourage all red-blooded Americans who pay their bills to close their accounts there too. Be sure to Write The President and tell him/her why they are losing your business. And don't fall for any 2 cent lines or apologies.
A person who expects money will do EVERYTHING for him/her can most assuredly be expected of doing EVERYTHING for money. Losing accounts and learning the hard way is the only thing this type of person will EVER understand. I pray right now someone with a billion dollar account reads this and goes in today and transfers all of their funds to any other bank. A-Men. AUTHOR-gr.
posted by Gold Futures @ 3:48 AM
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