Wednesday, January 02, 2008

Gold Soars On Dollar Weakness/Rising Oil Prices

Some in Congress would like to blame the drop in U.S. dollar strength solely on the billions of dollars being spent on the Iraq War. However, Iraq War spending is only a small part of why the U.S. dollar is at low levels and why Gold is soring toward record highs.

read more | digg story

No comments:

4-22-2026

  UAE Warns US It Could Sell Oil in Chinese Yuan if War Drains Dollar Supplies, Triggering Biggest Threat to the Petrodollar Since the 1970s...