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BREAKING NEWS! Gold at 18-year high, UP 1% on week!

Gold ended the week at $475.25, an 18 year high! Silver also touched a 7-month high, closing at $7.72, an increase of 3% over last week's close! Platinum was up to $938.00/oz.

Analysts attribute these increases to a weaker U.S. dollar and renewed concerns over potential terrorist acts.

Nex major resistance level for Golds $497-505 which should be tested very soon.


Posted by Barry Gutwein on October 7, 2005 4:36 PM in Precious Metals | Comments (0)

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