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Old 03-09-2010, 05:07 PM   #14
peaceandlove
Avalon Senior Member
 
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: Bailing out the Greek economy futile, says FRENCH banking chief

Blessings TRANCOSO,

Somewhere between propaganda and perceived reality there might be an iota of truth.

This article caught my eye at kitco.com, it's like comedy central these days!


Gold futures drop as Greek debt worries ease

March 9, 2010 - 7:59AM

Gold prices in New York fell the most in a month on speculation that Greece's fiscal crisis will be resolved (What the heck does that mean?), reducing demand for the metal as a haven.

French President Nicolas Sarkozy said that euro-region nations are ready to help Greece. The cost to protect against corporate-bond defaults fell to the lowest rate in seven weeks on mounting optimism that Greece will rein in its budget gaps.

"If the Greek situation calms down, people may not be as interested in owning hard assets," said Matt Zeman, a metals trader at LaSalle Futures Group in Chicago. "Gold is losing its momentum."

Continues (if you can handle the cr4p): http://www.theage.com.au/business/ma...0309-pt64.html



PaL

Last edited by peaceandlove; 03-09-2010 at 06:48 PM.
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