14Mar/080
Gold $1000/oz; Oil $110/barrel
Posted on Mar 14th, 2008 @ 12:56 pm by CY
With the US dollar falling, Gold rising above $1000, and oil going further $110, it tells a lot about the current state of the economy. A lot of the smart money have been moved into commodities. It seems the situation is not improving even when the Fed injected $200 billion US dollars into the credit market on Tuesday. IMO, the Fed Reserve [...]
Tagged as: commodities, credit, dollar, Economy, falling, gold, oil, rates