03 Dec 07 MCX gold futures falls below 10000 mark

The December MCX 10 grams Gold Futures fell below the psychological 10,000 barrier in mid day trading today. Heavy profit booking has got gold prices plunging in the past few trading sessions. Gold prices are said to be directly corelated with that of Crude Oil. Crude Oil after crossing the $100 barrier has fallen sharply back to $80 levels. This has caused Gold prices to fall as well. Gold prices and the strength of the US dollar, in the coming few days are likely to determine the course of Gold Futures.

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Reader's Comments

1. madmilker | 05 Dec 2007 9:19 pm

   and “short” the sh!! out of “yhoo”…that little geek guy keeps deleting my post on the stock boards……he thinks his sh!! don’t stink!

   please use little “moderation” with what I post!

   thank you!

2. madmilker | 06 Dec 2007 5:38 pm

   http://www.freewebs.com/rumorsconspiracybooks/Folder1/The%20Federal%20Reserve%20is%20PRIVATELY%20OWNED%20by%20Thomas%20D%20Schauf.pdf

   go ahead…….delete it again!

   truth hurts!

3. madmilker | 06 Dec 2007 10:00 pm

   and it may not happen in 2008 but it will happen!
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