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發表於 2008-9-20 21:57:48
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原帖由 金星 於 2008-9-20 09:08 PM 發表
may i kindly know yr view on gold next week? gl
Rising stocks means falling gold, the U.S. government has to remain bullish on stocks and bearish on gold to save the country’s financial turmoil.
The margin rate for Comex members advances to $5,500 a gold contract from $3,750. The new rate for non-members is $7,425, from $5,063. One contract represents 100 ounces. The increase of margin rate can hardly be translated as a good news
for gold price.
The U.S. government will pledge $50 billion to guarantee money-market mutual funds, curbed short-selling and crafted a sweeping plan to mop up toxic mortgage debt, sending global stock markets soaring also forms a negative news to gold price.
I myself woudn't play gold during next week but will concentrate to buy stocks, e.g. 939, 1398 etc. |
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