Friday, April 07, 2006

Shouldv'e bought last year...

From:International Herald Tribune
NEW YORK Gold has traded above $600 an ounce for the first time in 25 years and silver reached a 22-year high as investors continued to pour money into precious metals.

On Thursday, gold futures for delivery in June settled $7.20 higher, or 1.2 percent, at $599.70 on the New York Mercantile Exchange after going as high as $601.90. Silver rose 34.2 cents, or 2.9 percent, to $12.15 an ounce. On the Tokyo Commodity Exchange on Friday, gold finished 1 percent higher at ¥2,286 a gram, or $603.10 an ounce, after hitting Y2,294, the highest level since October 1987. Silver finished at $12.15 an ounce.

Gold, which a year ago was trading at $436.50, was last above $600 in 1981. Silver, at $7.41 a year ago, was last above $12 in 1983.

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Damnit. I mean really.

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