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Gold Hits $944 After Hours…My $1,000 “Checkmate” Call Is Loooookin’ Gooood

Posted by AGORACOM at 5:17 PM on Wednesday, February 20th, 2008

Hey, gang. Just a quick note that gold hit $944 after-hours today. Reuters posted this story just a few minutes ago and my $1,000 call from January 3rd is looking better and better.

UPDATE: Great article from TheStreet.com that summarizes the basis of the gold move, without mentioning gold. Specifically, inflation numbers out of the US this morning were higher than expected. This may handcuff the Fed who now have to be worried about inflation but want to provide greater stimulus to the economy via rate cuts. Either road leads to higher inflation = higher gold prices.

Regards,
George

This entry was posted on Wednesday, February 20th, 2008 at 5:17 pm and is filed under All Recent Posts, Gold $2,000, US Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Gold Hits $944 After Hours…My $1,000 “Checkmate” Call Is Loooookin’ Gooood”

  1. Agoracom: Small Cap Investment says:
    February 28, 2008 at 10:03 pm

    […] say I didn’t tell you here, then here then here. Hell, with gold about to break previous highs, how can I not point out that I […]