Gold Settles Near $1,800 as French Fears Sink Stocks

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Gold Settles Near $1,800 as French Fears Sink Stocks

August 12th, 2011

FAKE NEWS for the Zionist agenda

CNBC
Wednesday, August 10, 2011

Gold climbed to a third record in a row over $1,800 an ounce Wednesday, extending its biggest rally since 2008 as a dive in French bank stocks sent new shudders through anxious financial markets.

Although it pared gains late in the day as equity markets pulled up from initial deep losses, gold’s long rally showed few signs of letting up as the locus of traders’ euro zone debt fears shifted from Spain and Italy to France, which traders fretted could be next in line for a debt crisis.

The jitters overshadowed the U.S. Federal Reserve’s unprecedented decision to promise near-zero interest rates for two years. The announcement was a double-edged sword for gold, which retreated during Tuesday’s late Wall Street rally but would also benefit from a prolonged low-yield environment.

Spot gold rose more than 3 percent to hit a high of $1,796.86 an ounce, but pared gains to stand 1.5 percent higher at $1,769. It also hit record highs in euro and sterling terms. U.S. COMEX gold futures briefly topped $1,800, then settled at $1,784.30, up 2.4 percent.

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8 Responses to “Gold Settles Near $1,800 as French Fears Sink Stocks”

Central banks and stock markets are doing damage control and infowarriors are on cruise control. The easiest way to get in at the bottom with metal is to start scrutinizing and sorting your pocket change day by day. coinflationdotcom is a good place to start. Silver is a good place to start as well.
GO AHEAD AND BUY SOME AT THE HIGH….
THEN WATCH IN HORROR AS THE GOLDEN BUBBLE BURSTS…
Not to worry, the Anunnaki are on their way and will soon arrive riding the pressure wave of Niburu.

They will be here to claim their gold.

The gold that they programmed us to mine for them.

The gold they need to spray into their upper atmosphere for protection.

And they will not be paying $1,800 an ounce.

BUY PLATINUM!
- If the Anunnaki do come for the gold, they’d better have some greenbacks handy; otherwise they’ll be eating lead, which apparently we also mined for them
I think we are watching the economic meltdown we have all feared. The owner of the shop where I buy PMs told me he can’t keep gold in stock. He is depending on people selling to him so he can refill his supply. Scary things are happening.
- Wish I knew back then what I know now when gold was at $265 an oz.
  - Roger that, I have not invested in gold since feeling guilty that I did not get in on it earlier, as I should have. I have heavily invested in copper jacketed lead though, since way before ‘y2k’.
    - lead is a good investment too…espescially “high speed” lead, properly oriented.