Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Saturday, June 2, 2012

Gold goes ballistic. USD climbs.

Gold goes ballistic with an almost 4 percent gain to reach 1626 USD.
 US job data for May indicates addition of 69 k instead of the expected 158 k, prompting traders to bet on additional QE (which is positive for gold) when operation Twist ends in June ...
Gold trades for 1677 Aussie dollars 
Meanwhile commodities index CRB continues to slide to 268 on China slowing growth
USD climbs slowly from 3 Ringgit in March to touch  RM 3.20
Will it rise to 2009 high of RM 3.6 ..??
CPO fell below USD 1000; at 941

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