Culpability Brown Report post Posted January 3, 2006 Happy New Year people. There have been some big movers today - even though the FTSE had a good day all is not well around the Globe. Crude oil has leapt back above $60, up $2.40 on the day to $63.45. Gold has gone mental up $12 to $529.70 or £306 - Nice!! That's an annual gain of +$100. Meanwhile the DOW is struggling down a point to 10,716. We have one hell of an exciting year ahead of us. CB. Quote Share this post Link to post Share on other sites
libitina Report post Posted January 3, 2006 Why is the FTSE up, but the Dow isn't? Whats the difference? Quote Share this post Link to post Share on other sites
Culpability Brown Report post Posted January 3, 2006 Why is the FTSE up, but the Dow isn't? Whats the difference? No Idea. Quote Share this post Link to post Share on other sites
Van Report post Posted January 3, 2006 Why is the FTSE up, but the Dow isn't? Whats the difference? FTSE's oil components BP & SHEL make up almost 1/4 of the index. Also, Dow is "old-economy" that is very reliant on energy prices. FTSE/S&P500 is a much better comparison. Quote Share this post Link to post Share on other sites
El_Pirata Report post Posted January 3, 2006 Happy New Year people. There have been some big movers today - even though the FTSE had a good day all is not well around the Globe. Crude oil has leapt back above $60, up $2.40 on the day to $63.45. Mark my words - US GASOLINE CRISIS. Maybe not this month, but before the summer. Quote Share this post Link to post Share on other sites
penbat1 Report post Posted January 3, 2006 (edited) Happy New Year people. There have been some big movers today - even though the FTSE had a good day all is not well around the Globe. Crude oil has leapt back above $60, up $2.40 on the day to $63.45. Gold has gone mental up $12 to $529.70 or £306 - Nice!! That's an annual gain of +$100. Meanwhile the DOW is struggling down a point to 10,716. We have one hell of an exciting year ahead of us. CB. I've been posting about this all day see: http://www.housepricecrash.co.uk/forum/ind...showtopic=21413 DOH !!!!!! :angry: Incidentally I think the Euro markets did even better and remember many Euro markets were open yesterday and they did well then. Edited January 3, 2006 by penbat1 Quote Share this post Link to post Share on other sites
Te Mata Report post Posted January 3, 2006 Lets not neglect the other big movers. The humble Pound The Euro ...and soybean oil, up 1.35c/lb heheh Quote Share this post Link to post Share on other sites
the_duke_of_hazzard Report post Posted January 3, 2006 Lets not neglect the other big movers. The humble Pound The Euro ...and soybean oil, up 1.35c/lb heheh Why is the pound up? Quote Share this post Link to post Share on other sites
lampkin Report post Posted January 3, 2006 Why is the pound up? I am confused about all this talk of gold. I have been told you cant buy gold? I assumed people were talking about shares in mining companies? Quote Share this post Link to post Share on other sites
DRS Report post Posted January 3, 2006 I am confused about all this talk of gold. I have been told you cant buy gold? I assumed people were talking about shares in mining companies? Why do you think one cannot purchase gold? Quote Share this post Link to post Share on other sites
non-FTBer Report post Posted January 3, 2006 I am confused about all this talk of gold. I have been told you cant buy gold? I assumed people were talking about shares in mining companies? Try www.taxfreegold.co.uk or any other online gold broker. You can buy Coins / Bars / Shares etc... I have coins, but only so I can count them like Scrooge McDuck Quote Share this post Link to post Share on other sites
Te Mata Report post Posted January 3, 2006 Why is the pound up? Cause the US$ is tanking today after the release of this announcement: http://premium.econoday.com/reports/US/EN/...y/01/index.html Quote Share this post Link to post Share on other sites
nic Report post Posted January 3, 2006 And look at the gold miners! They're finally moving with the gold price unlike in the previous peak. Is this the public buying? Funds starting to invest in gold shares? HUI + 8% on the day! Quote Share this post Link to post Share on other sites
Te Mata Report post Posted January 3, 2006 I am confused about all this talk of gold. I have been told you cant buy gold? I assumed people were talking about shares in mining companies? This is one way to end up with 100oz in a depository somewhere...buy a contract and let it expire http://www.nymex.com/GC_spec.aspx Quote Share this post Link to post Share on other sites
