Ryze - Business Networking Get a Coderbuddy developer now
www.coderbuddy.com

"I Highly Recommend Them" - Magnitude.io CEO; US timezone; affordable rates; Silicon Valley leadership
Get your software built!
Buy Ethereum and Bitcoin
Get started with Cryptocurrency investing
Home Invite Friends Networks Friends classifieds
Home

Apply for Membership

About Ryze


Gold & Silver precious metals
Previous Topic | Next Topic | Topics
The Gold & Silver precious metals Network is not currently active and cannot accept new posts
PRECIOUS METALS REVIEW - 03/09/07Views: 661
Mar 12, 2007 12:53 amPRECIOUS METALS REVIEW - 03/09/07#

me4you
PRECIOUS METALS REVIEW - 03/09/07

In the precious metals markets this week . . .

GOLD:
Monex spot gold prices opened the week at $636 . . . traded as high as $657 on Friday and as low as $633 on Monday . . . and the Monex AM settlement price on Friday was $649, up $6 for the week. Gold support is now anticipated at $650, then $642, and then $631 . . . and resistance anticipated at $658, then $670, and then $685.

SILVER:
Monex spot silver prices opened the week at $12.63. . . traded as high as $13.10 on Friday and as low as $12.41 on Monday . . . and the Monex AM settlement price on Friday was $12.90, unchanged for the week. Silver support is now anticipated at $12.85, then $12.65, and then $12.40 . . . and resistance anticipated at $13.18, then $13.30, and then $13.52.

PLATINUM:
Monex spot platinum prices opened the week at $1,170 . . . traded as high as $1,213 on Thursday and as low as $1,163 on Monday . . . and the Monex AM settlement price on Friday was $1,202, up $2 for the week. Platinum support is now anticipated at $1,185, then $1,165, and then $1,144 . . . and resistance anticipated at $1,208, then $1,237, and then $1,270.

PALLADIUM:
Monex spot palladium prices opened the week at $342 . . . traded as high as $353 on Thursday and Friday and as low as $334 on Monday . . . and the Monex AM settlement price on Friday was $351, up $6 for the week. Palladium support is now anticipated at $348, then $343.50, and then $333 . . . and resistance anticipated at $360, then $367.15 and then $376.45.

--------------------------------------------------------------------------------------------
SPECIAL DVDs NOW AVAILABLE ON GOLD & SILVER:

Monex now offers two powerful DVD programs on both the gold and the silver markets - "Why Gold? Why Now?" and "Why Silver? Why Now?" - featuring the insights, forecasts and recommendations from some of the leading economic and financial experts in North America. For free copies of these DVDs, call Monex at 1-800-804-1933.
--------------------------------------------------------------------------------------------

QUOTES OF THE WEEK:

From David Morgan, publisher of The Morgan Report newsletter, on the front page of his March 2007 issue:

"This month we want to focus on value. Value of course is subjective; in a true, free transaction, both parties think they are getting a good value. For example, buying coffee at Starbucks has more value to the purchaser than the four bucks does at the time, and Starbucks is happy to receive $4.00 for a cup of coffee. Perhaps this illustrates just how badly the U.S. dollar has deteriorated. Whatever happened to the ten-cent cup of coffee?"

. . . and from Texas Congressman Dr. Ron Paul, in the March 5th edition of his "Texas Straight Talk" column on his website:

"The official national debt figure, now approaching $9 trillion, reflects only what the federal government owes in current debts on money already borrowed. It does not reflect what the federal government has promised to pay millions of Americans in entitlement benefits down the road. Those future obligations put our real debt figure at roughly fifty trillion dollars - a staggering sum that is about as large as the total household net worth of the entire United States. Your share of this fifty trillion amounts to about $175,000.

Don't believe for a second that we can grow our way out of the problem through a prosperous economy that yields higher future tax revenues. If present trends continue, by 2040 the entire federal budget will be consumed by Social Security and Medicare alone. The only options for balancing the budget would be cutting total federal spending by about 60%, or doubling federal taxes. To close the long-term entitlement gap, the U.S. economy would have to grow by double digits every year for the next 75 years."

. . . and from market analyst Richard Russell, in the March 7th edition of his widely-followed "Dow Theory Letters" newsletter:

"Something unusual is going on. Gold is telling us a story. And that story is inflation. Too much paper currency is being created, and this international sea of currency is chasing everything - it's chasing houses, commercial real estate, farm land, stocks, bonds, salaries, medical bills, college tuition, commodities, you name it. The price of almost anything you can think of is going up in terms of fiat paper currencies. The Fed may not admit to this, but they don't have to - if you're living in the real world, you know that inflation is the name of the game.

This continuing and currently accelerating inflation is presenting Dr. Ben Bernanke, our Fed chief, with a difficult decision. Normally, the Fed should and would raise interest rates to place pressure on inflation. But rising rates would hurt the fast-deteriorating housing situation. Should Bernanke raise rates anyway - or should he just try to talk down inflation, which is another way of doing nothing? Ah the dilemma, the problem, the puzzle. This is the time when Dr. Ben must earn his money."

. . . and finally, from Mary Anne and Pamela Aden, in their March 8th weekly update on the "Aden Forecast" website:

"All of the markets have been affected by the selloff in the world stock markets. These markets were overbought, some extremely so. But interestingly, in many cases the declines haven't been extreme compared to the rises leading up to these downward corrections. So despite the worst week in four years for U.S. and European stocks, our leading indicators show that stocks could still decline further."

"Silver fell more than gold in the one week washout. Silver is more volatile than gold on the upside and the downside, but the trend still favors silver over gold. More important, both stayed well above their January lows and the C rise is still underway. Gold dipped below a key level on Monday, but it essentially held above it and gold is now rising. Gold is strong and solid above $643 basis April, and it would be very strong once again above $670. May silver is firm above $12.25, but it won't be strong until it closes back above $13.30. Platinum and palladium didn't fall as much as gold and silver. Both are strong above $1205 and $340, respectively, which is a good overall sign."


Monex Deposit Company

Build & Protect Wealth
http://www.onerichchick.com

Private Reply to me4you

Mar 12, 2007 4:38 amre: PRECIOUS METALS REVIEW - 03/09/07#

Tom Cellie
I represent a group that is mining gold in four areas of the world. We have a program set up for entrepreneurs to make a generous monthly return on a 12 month contract. Minimum spend is 100K and is recouped within 60 days, after which partners will receive monthly earnings as per the agreement.

Seven figure players will be invited to see our facilities in West Africa. We have invested seven million dollars in the past four months and are now taking clients for the next 60 days while we build our marketing arm.

No smoke and mirrors here, we will invite serious entrepreneurs to come and test sample the gold before they buy. I can be reached at 913 693 7943 during business hours or email: tom AT capitalgoldxchange.com

Regards,

Tom Cellie

Private Reply to Tom Cellie

Previous Topic | Next Topic | Topics

Back to Gold & Silver precious metals





Ryze Admin - Support   |   About Ryze



Ryze Android preview app

Testing Gets Real: blog on A/B testing, building businesses with feedback loops, by Adrian Scott

© Ryze Limited. Ryze is a trademark of Ryze Limited.  Terms of Service, including the Privacy Policy