$1000 GOLD? $100 OIL? ONE MAY GLITTER WHILE THE OTHER TURN TO SLUDGE In 2007 price explosion in both gold and oil has been nothing short of spectacular. Gold rose from approximately $650/oz. at the start of the year to reach record highs as it currently trades at $886/oz. Oil had a similar parabolic run rising from $50/bbl t...
YEN SURGENS ON RISK AVERSION, EURO REMAIN STRONG AGAINST DOLLAR AND STERLING. The Japanese yen surges broadly into European session on risk aversion following the report that Merrill Lynch may double its original estimate of mortgage investments related writedown to $15b. Asian stocks give back earlier gains on such news and...
Olaniyi Olaleye
Member since: September 2007
Articles Written: 2