Oil, Gold Gain as Libya Turmoil Worsens; Asia Stocks Drop

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posted on Feb, 21 2011 @ 07:24 PM
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Source:
www.bloomberg.com...

Gold is above 1400 again, petrol was 8% up for the day and the Asian markets are dropping . I am not sure why the US markets were closed for today (? holiday) but I am sure tomorrow will be interesting!




posted on Feb, 21 2011 @ 07:27 PM
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reply to post by Romanian
 

Don't forget silver!



posted on Feb, 21 2011 @ 07:30 PM
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reply to post by BlastedCaddy
 


I definitely believe that silver will be the best investment of the year! Here we go:





posted on Feb, 21 2011 @ 07:31 PM
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reply to post by Romanian
 


Markets were closed for president’s day.



posted on Feb, 21 2011 @ 07:32 PM
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reply to post by Romanian
 


we should kill them all...
globalist murderers elite my ass...

Apropos : esti roman sau care-i treaba cu nick-ul?




posted on Feb, 21 2011 @ 07:33 PM
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Thin markets. No volume because of the banking holiday.

Crude oil just dropped 2 dollars on about 150 contracts of volume from 715 - 815 EST. Which is anemic volume.

On banking holidays where only the futures markets are open you can generally expect absolutely no movement or huge volatility with very little volume.



posted on Feb, 21 2011 @ 07:50 PM
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reply to post by Dance4Life
 


We will see tomorrow what is going to happen, if the drop was just a "sample" for the days to come.I understand your explanation, however I think its the middle-east context making affecting the markets now.. we will see in a few hours then!



posted on Feb, 22 2011 @ 11:19 AM
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DOW, down about 1% , NASDAQ 2 % . The trent will continue, I guess its the oil supply panick that makes the markets drop. Oil over 120 $ per barel would kik us back into recession for another 2-3 years.. Good luck everyone!



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