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Weak Dollar Lifts Gold Above $1,100

ALLEN SYKORA
Wall St Journal
Monday, January 4th, 2010

Gold futures jumped to start 2010, hitting their highest level in two weeks Monday as the U.S. dollar went on the defensive.

“It started off in Europe when the euro started moving [higher] against the dollar,” said Andrew Montano, director of precious metals at Scotia Mocatta. “It’s very much a currency play.”

Currency analysts said the dollar is on the defensive on a day when commodity-country currencies are rising as commodities generally benefit from an increase in risk appetite.

Lightly traded but nearby January gold rose $22.70 to $1,117.90 an ounce on the Comex division of the New York Mercantile Exchange, while most-active February climbed $21.90 to $1,118.10. February gold peaked at $1,119.70 an ounce, its strongest level since Dec. 21.

Full article here

“When the people find they can vote themselves money, that will herald the end of the republic.”Fall Of The RepublicBuy the DVD here

Weak Dollar Lifts Gold Above $1,100  FOTR 340x1692 

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  1. Btok says

    To tell the truth it is a PSYOP in order for the American Govt. and Globalists’ to Start Controlling Citizens’ Travel!
    Infowars.com
    January 3, 2009
    Prior to the underwear bomber incident on Christmas, the House of Representatives tabled legislation to “reform” the Constitution nullifying Patriot Act. On December 16, nine days before the patsy Umar Farouk Abdulmutallab was delivered to the airport in Amsterdam by his handler, Congress decided to shuffle the law off into the New Year.
    Wayne Madsen tells Russia Today the false flag non-attack will be used to push “Patriot Act 3.0.”
    Many of the Patriot Act provisions were set to expire on January 1st.
    David Kravets wrote for Wired at the time:
    Under Wednesday’s action, the NSL-reform [National Security Letters] vote is also delayed until the New Year. And the three expiring provisions will remain in force at least through February. The extension came as House Speaker Nancy Pelosi (D-California) balked at a Senate plan to include Patriot Act amendments into a $636 billion Pentagon funding measure, saying doing so would create “revolt on the left.”
    In fact, the so-called “left” in Congress is as dedicated to implementing the government’s control grid as the “right.” The only difference is that Democrats engage in more hand-wringing over the legislation.
    So-called liberal Democrats have pushed for renewal of the police state law, including the former Saturday Night Live comedian Al Franken, now a Democrat from Minnesota.
    Judge Napolitano comments on the unconstitutionality of the Patriot Act.
    “Heightened terrorist activity in recent days and months — from the attempted bombing of a U.S. airliner on Christmas Day to the shootings at Fort Hood, to the murder of a Saudi Arabian border guard by Yemeni insurgents, reveal that our need for robust intelligence gathering tools has not diminished since 9/11,” declared Republican Congressman Dan Lungren on December 31.
    The false flag terror operation above Detroit will be used to squelch any opposition to renewing the Patriot Act in February.
    Funny how things work.
    Check out what Government is doing behind your back at: http://www.youtube.com/watch?v=VebOTc-7shU



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