GOLD Crosses $475.00 Barrier!
GOLD crosses $475.00 barrier in after-hours trading!
This was just as I predicted in my white paper WILL YOU SURVIVE THE COMING FINANCIAL CRASH? --- and it is great news for all of you who played it smart and dumped the stock market for the precious metals market.
The next key market indicator is the forthcoming announcement of the unemployment statistics. If 500,000 people filed for benefits this month, this will have a major impact, as well as driving GOLD north of $500.00 by the end of this year!
NEW YORK (AFX) -- Gold futures topped the key $475-an-ounce level in after trading in New York. December gold touched $475.30 and was last at $474.80, up $2.20. It was the first time futures prices reached this level since late 1987, according to monthly charts. "Gold is hitting new highs ... on higher energy costs and concerns over rising deficit spending due to the potential added weight on the government to provide relief aid in case 'Rita' causes more damage to a major city," said John Person, president of National Futures Advisory Service. "Inflation is alive and well -- even the Federal Reserve sees it that way" and that's why gold has hit the $475 level, he said
This story was supplied by MarketWatch. For further information see www.marketwatch.com
The preceeding article first appeared on the following website . . .
Gold tops the key $475-an-ounce level in after-hours trade
NOTE: To download the FINANCIAL CRASH white paper, check out the Kentroversy at Rense.com section on the right hand of the main page!