TSX:SGR.UN - Post by User
Comment by
hydra100on Jan 07, 2011 7:45am
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Post# 17937412
RE: Fall of fiat currencies
RE: Fall of fiat currenciesSo much for the fall Goldcross.
Gold Set for the Longest Losing Run Since 2009 on U.S. Recovery
By Nicholas Larkin and Sungwoo Park - Jan 7, 2011 7:39 AM GMT-0400
Investors are selling gold due to a stronger dollar,” Peter Fertig, owner of Quantitative Commodity Research Ltd. in Hainburg, Germany, said today by phone. “It is of course less safe-haven demand that is playing a role. The market is now looking for a very strong rise” in U.S. payrolls, he said.