Jump in the price of Gold and Silver Today

Hello

If you have Gold and Silver Coins, this may interest
you. Gold Jumped up in price today. Check out the
link below.
http://www.kitco.com/

Kitco Gold Chart:
http://www.kitco.com/charts/popup/au24hr3day.html

------------ ALSO -----------

Check out this news story below.

FROM:
http://www.bloomberg.com/apps/news?p...=commoditi es

Gold Surges Most in Six Months on Jobs Data, Dollar's Slump

By Millie Munshi and Halia Pavliva

June 6 (Bloomberg) -- Gold jumped the most in six months
after the U.S. jobless rate had the biggest gain in more
than two decades, spurring a drop in the dollar. Silver
also rose.

The unemployment rate increased to 5.5 percent in May
from 5 percent in April, marking the biggest increase
since February 1986, the Labor Department said today.
The dollar dropped as much as 1 percent against the
euro. Before today, gold gained 30 percent in the past
12 months as a slump by the dollar boosted demand for
the metal as an inflation hedge.

``The dollar is much weaker, and that's what is
creating the bounce in the market,'' said Leonard Kaplan,
the president of Prospector Asset Management in
Evanston, Illinois.

Gold futures for August delivery rose $25.20, or 2.9
percent, to $900.70 an ounce at 11:16 a.m. on the Comex
division of the New York Mercantile Exchange. A close
at that price would be the biggest gain for a most-active
contract since Nov. 23.

The jump in the jobless rate was higher than every
forecast in a Bloomberg News survey of 79 economists,
who had estimated a median gain to 5.1 percent. U.S.
payrolls dropped by 49,000 last month after a 28,000
drop in April.

``The dollar took a nose dive as soon as this jobs
data came out, and that's a big reason we've seen gold
move up,'' said Matthew Zeman, a trader at LaSalle
Futures Group in Chicago.

The euro reached $1.575 today. It climbed to a record
$1.6019 on April 22.

Energy Costs Jump

Gold also gained as a surge in energy costs added to
speculation inflation will accelerate, Kaplan of
Prospector Asset Management said.

Crude-oil futures for July delivery jumped as much as
5.5 percent after gaining 4.5 percent yesterday. The
price doubled in the past year.

``A near $10 a barrel rise in crude oil in two days was
the prime catalyst, aside from the jobs data'' for
gold's rally, Jon Nadler, an analyst at Kitco Minerals
& Metals Inc., said in an e-mail.

Silver futures for July delivery advanced 34.5 cents,
or 2 percent, to $17.515 an ounce. Before today, the
metal rose 24 percent in the past year.

Gold may climb to $930 and silver will rise above $18
by mid-July, Sandeep Rungta, a metals strategist at
Proficient Commodities in Kolkata, India, said in a
report.

``Today's unemployment number was a big blow for the
dollar, and we see the euro making fresh highs,''
Rungta said.

To contact the reporter on this story: Millie Munshi
in New York at ; Halia Pavliva
in New York at

Last Updated: June 6, 2008 11:21 EDT


...

On Jun 6, 7:26*pm, "Arizona Coin Collector" wrote:
Hello

If you have Gold and Silver Coins, this may interest
you. Gold Jumped up in price today. Check out the
link below.http://www.kitco.com/

Kitco Gold Chart:http://www.kitco.com/charts/popup/au24hr3day.html

------------ ALSO -----------

Check out this news story below.

FROM:http://www.bloomberg.com/apps/news?p...LnjejxV14&refe...

Gold Surges Most in Six Months on Jobs Data, Dollar's Slump

By Millie Munshi and Halia Pavliva

June 6 (Bloomberg) -- Gold jumped the most in six months
after the U.S. jobless rate had the biggest gain in more
than two decades, spurring a drop in the dollar. Silver
also rose.

The unemployment rate increased to 5.5 percent in May
from 5 percent in April, marking the biggest increase
since February 1986, the Labor Department said today.
The dollar dropped as much as 1 percent against the
euro. Before today, gold gained 30 percent in the past
12 months as a slump by the dollar boosted demand for
the metal as an inflation hedge.

``The dollar is much weaker, and that's what is
creating the bounce in the market,'' said Leonard Kaplan,
the president of Prospector Asset Management in
Evanston, Illinois.

Gold futures for August delivery rose $25.20, or 2.9
percent, to $900.70 an ounce at 11:16 a.m. on the Comex
division of the New York Mercantile Exchange. A close
at that price would be the biggest gain for a most-active
contract since Nov. 23.

The jump in the jobless rate was higher than every
forecast in a Bloomberg News survey of 79 economists,
who had estimated a median gain to 5.1 percent. U.S.
payrolls dropped by 49,000 last month after a 28,000
drop in April.

``The dollar took a nose dive as soon as this jobs
data came out, and that's a big reason we've seen gold
move up,'' said Matthew Zeman, a trader at LaSalle
Futures Group in Chicago.

The euro reached $1.575 today. It climbed to a record
$1.6019 on April 22.

Energy Costs Jump

Gold also gained as a surge in energy costs added to
speculation inflation will accelerate, Kaplan of
Prospector Asset Management said.

Crude-oil futures for July delivery jumped as much as
5.5 percent after gaining 4.5 percent yesterday. The
price doubled in the past year.

``A near $10 a barrel rise in crude oil in two days was
the prime catalyst, aside from the jobs data'' for
gold's rally, Jon Nadler, an analyst at Kitco Minerals
& Metals Inc., said in an e-mail.

Silver futures for July delivery advanced 34.5 cents,
or 2 percent, to $17.515 an ounce. Before today, the
metal rose 24 percent in the past year.

Gold may climb to $930 and silver will rise above $18
by mid-July, Sandeep Rungta, a metals strategist at
Proficient Commodities in Kolkata, India, said in a
report.

``Today's unemployment number was a big blow for the
dollar, and we see the euro making fresh highs,''
Rungta said.

To contact the reporter on this story: Millie Munshi
in New York at ; Halia Pavliva
in New York at

Last Updated: June 6, 2008 11:21 EDT

..

Give if a few weeks, and it will be right back down "silver & gold".
Oil will also go back down. I think investers spend to much time
watching CNBC, and Bloomberg T.V. The problem with oil isn't supply
and demand, because if you ever watch shows like Closing Bell it seems
the more they talk the more oil goes up, its more speculation than
anything. I know I'm going to get flamed for this, but this is my
honest opinion from watching these shows. These people go throw all of
they're savings in to the commodities hoping to continue to make a
buck, when all they are really doing is destroying the american
economy, and I blame this on Bush more than anyone. Well go a head
flame me, but this is all true. I feel sorry for these guys, because
they are going stand to lose alot of money, just like investers did
back in the 70s and 80s!

On Fri, 6 Jun 2008 19:59:53 -0700 (PDT), sgt23
wrote:

Give if a few weeks, and it will be right back down "silver & gold".
Oil will also go back down. I think investers spend to much time
watching CNBC, and Bloomberg T.V. The problem with oil isn't supply
and demand, because if you ever watch shows like Closing Bell it seems
the more they talk the more oil goes up, its more speculation than
anything. I know I'm going to get flamed for this, but this is my
honest opinion from watching these shows. These people go throw all of
they're savings in to the commodities hoping to continue to make a
buck, when all they are really doing is destroying the american
economy, and I blame this on Bush more than anyone. Well go a head
flame me, but this is all true. I feel sorry for these guys, because
they are going stand to lose alot of money, just like investers did
back in the 70s and 80s!

My goal is to try and profit a little on the next short term high. So
the next time silver tops $19.50 to $20/oz. I am going to list some
junk 90% silver coins on eBay in a 1-day auction. Last time I was
holding out for $24 before selling. I won't make that mistake again.

sgt23 wrote:
[...] The problem with oil isn't supply and demand, because if you
ever watch shows like Closing Bell it seems the more they talk the
more oil goes up, its more speculation than anything. I know I'm
going to get flamed for this, but this is my honest opinion from
watching these shows. [...]

I've read that the commodities market does indeed have an effect on the
price of oil, so I tend to agree with you on that point.

However, it's a bit naive to ignore the effect of supply and demand.
The infrastructure in China and India have been getting more and more
advanced every year - and their demand for oil has been steadily rising.
Meanwhile, the supply has either risen more slowly (or perhaps even
remained steady). Thus, price goes up.

Combine that with a weakening dollar and you've got a very big spike in
the U.S.

I don't see demand going down significantly any time soon. I also don't
see supply going up. Therefore, the only way oil will go down is if the
dollar recovers some of its strength - however there are some benefits
to a weak dollar, so that may not be as easy to take, either.

Short version: Get used to the high price. Eventually, technology will
improve and people's habits will change and the high price won't be as
much of a problem...

--
Jim Seymour

On Jun 7, 5:00*pm, Jim Seymour wrote:
sgt23 wrote:
[...] The problem with oil isn't supply and demand, because if you
ever watch shows like Closing Bell it seems the more they talk the
more oil goes up, its more speculation than anything. I know I'm
going to get flamed for this, but this is my honest opinion from
watching these shows. [...]

I've read that the commodities market does indeed have an effect on the
price of oil, so I tend to agree with you on that point.

However, it's a bit naive to ignore the effect of supply and demand.
The infrastructure in China and India have been getting more and more
advanced every year - and their demand for oil has been steadily rising.
Meanwhile, the supply has either risen more slowly (or perhaps even
remained steady). *Thus, price goes up.

Combine that with a weakening dollar and you've got a very big spike in
the U.S.

I don't see demand going down significantly any time soon. *I also don't
see supply going up. *Therefore, the only way oil will go down is if the
dollar recovers some of its strength - however there are some benefits
to a weak dollar, so that may not be as easy to take, either.

Short version: Get used to the high price. *Eventually, technology will
improve and people's habits will change and the high price won't be as
much of a problem...

--
Jim Seymour

On Jun 7, 5:00*pm, Jim Seymour wrote:
sgt23 wrote:
[...] The problem with oil isn't supply and demand, because if you
ever watch shows like Closing Bell it seems the more they talk the
more oil goes up, its more speculation than anything. I know I'm
going to get flamed for this, but this is my honest opinion from
watching these shows. [...]

I've read that the commodities market does indeed have an effect on the
price of oil, so I tend to agree with you on that point.

However, it's a bit naive to ignore the effect of supply and demand.
The infrastructure in China and India have been getting more and more
advanced every year - and their demand for oil has been steadily rising.
Meanwhile, the supply has either risen more slowly (or perhaps even
remained steady). *Thus, price goes up.

Combine that with a weakening dollar and you've got a very big spike in
the U.S.

I don't see demand going down significantly any time soon. *I also don't
see supply going up. *Therefore, the only way oil will go down is if the
dollar recovers some of its strength - however there are some benefits
to a weak dollar, so that may not be as easy to take, either.

Short version: Get used to the high price. *Eventually, technology will
improve and people's habits will change and the high price won't be as
much of a problem...

--
Jim Seymour

Something that we could do is drill for more oil in our own country,
many of land surveys have proven that the United States alone, could
possible have as much or more oil than Sadia Arabia, not to mention we
also have more natural gas than anyone in the world, we also have the
cleanest burning coal of any country. Lets not forget we should
probably be pushing to have more hydrogen cars on the road in next few
years, because I don't much care for cars crashing when they have
something nuclear in them lol.