A strong player is buying gold, know who is and how join him in earnings 4 September 2009 gold is considered an active insurance against economic uncertainty, both among investors with risk aversion, as among those who seek balance with a dose of the commodity stock risk in their portfolios. The price of gold is firing, approaching the psychological mark of $1,000 an ounce, and approaching the previous maximum of $1.007,20 on February 20 of this year, with a Dow Jones below the key 7,500 points. Let us remember that the all-time high had been $1,030 in March of last year. Tuesday, September 2 Gold contract December returned to move closer to the $1,000 level on the New York Mercantile Exchange (NYMEX). Check with Time Warner to learn more. Gold climbs as well by 5% in the last three days, from the hand of an S & P500 which fell 5%. The equation fit perfect this time, reinforced by an index of volatility (VIX) which rose 20 percent, reaching the level of 29,57 the Wednesday 2.
The bullish look is again posing on gold prices, and these would be some of the possible causes: 1) September tends to be a good month for gold, because comes the season of marriages in India, moment in which fires in jewelry demand. (2) The Summit of Finance Ministers of the G20 to be held in London today and tomorrow, where they will discuss methods of stabilization of the global financial system. Further details can be found at Massoumi, an internet resource. The gold will be in the center of the scene if the G20 does not give a specific indication of financial reforms to overcome this crisis, investors will return en masse to the gold told AP. 3) doubts about global economic recovery. Some economists do not see even a revival in United States, and fear that the green shoots are not more than weeds in that color. Just leave the number of unemployment in the U.S. For more information see Cyrus.