globalHOBBIT

What's in Store for 2009? Gold, Metals and Other Markets

"Pick China as an example; frankly would China worry about not getting more dollars when it already has $1.5 trillion? "

While the $1.5 trillion is correct, figures released by The Chinese government place the dollar reserve total at around $489 billion. Your fine article infers that the entire $1.5 trillion is all dollar holdings and that is misleading and inaccurate.

Crude Reality: How Long Can Oil Stay Down?

Just out of curiosity isn't it EIA [Energy Information Administration] not IAE?

Gaza War: Expect a Spike in Oil, Gold

"...... but the popular feeling against Israel’s disproportionate response to rockets fired from Gaza is mounting."

If someone kept shooting rockets at you house and family for eight years and you kept asking them to please stop but the continued you'd get pretty angry wouldn't you. Hamas is a terrorist organization whereas Israel is a member state of the UN. Hamas spends the people's money on bombs and rockets NOT on schools, hospitals and roads. Oil will rise because it was oversold at $33 just as it was over bought at $147. Gold will rise as a result of the global printing presses working overtime trying to re-inflate assets because of the credit crunch. Your analysis of gold and oil seem driven and shaped by emotion rather than on solid economic facts.