10-31-06 -- Gold: $600 today, $700 by yr-end?--LISTEN
Gold prices held steady Tuesday on a weaker dollar and sharply lower oil prices for a second day. Gold closed in NY off $.30 to $604.10/oz., while silver added $.08 to $12.20/oz. "Gold prices may rise by $100 an ounce by the end of this year and breach the $700/oz. level on renewed interest from investors," Paul Walker, CEO of GFMS Ltd, said to Bloomberg today.

10-30-06 -- Gold back atop $600 --LISTEN
Gold prices jumped back over $600/oz. Monday on a mixed dollar and year-end demand for jewelry by India. Jewelers accounted for 73 percent of global gold demand last year, according to the World Gold Council. Gold closed in NY up $8.00 to $606.00/oz., while silver added $.17 to $12.17/oz. "The government is helping prop up the U.S. economy, dollar and stocks – until Election Day," says GATA founder Bill Murphy.

10-27-06 -- Metals strong, dollar not! --LISTEN
Precious metals traded mixed Friday on a weaker dollar after GDP fell to a 1.6 percent annual rate in the third quarter, the slowest pace in over three years, as housing slumped and trade deficits widened. Gold closed in NY up $1.40 to $598.00/oz., but silver slipped $.14 to $12.00/oz. Gold and silver both gained one percent this week to a 3-week high.

10-26-06 -- Gold rises, dollar sinks --LISTEN
Precious metals rose again Thursday on higher oil prices and a weaker dollar. Wednesday the Fed again highlighted inflation worries sending the dollar down and increasing gold's appeal as a hedge. Gold closed in NY up $9.40 to $596.60/oz., silver added $.35 to $12.14/oz. The precious yellow metal is now up 26 percent year-over-year and 15 percent ytd.

10-25-06 -- A shiny golden hedge --LISTEN
Precious metal prices jumped higher Wednesday with oil prices on falling supply data ahead of the Fed's interest rate decision at 2:15pm Eastern. Gold closed in NY up $3.90 to $587.20/oz., silver added $.04 to $11.79/oz. Higher energy prices and speculation the Fed will again highlight inflation as a worry increased the appeal of the precious metal as a hedge against inflation.

10-24-06 -- Metals rise ahead of Fedspeak--LISTEN
Precious metals rebounded on Tuesday, tracking higher oil prices and a weaker dollar. Gold closed in NY up $4.40 to $583.30/oz., silver added $.18 to $11.75/oz. Speculation that the Fed will again highlight inflation as a worry when policymakers decide on interest rates Wednesday added support the metals markets. Most expect the Fed will hold rates steady.

10-23-06 -- Golden opportunity to buy low --LISTEN
Precious metal prices fell Monday as lower crude oil prices and a higher dollar reduced the precious metal's appeal as a hedge against inflation. Oil fell on skepticism the OPEC will cut output enough to reduce excess supplies. Gold closed in NY down $13.60 to $579.20/oz., while silver slipped $.31 to $11.57/oz. With U.S. growth slowing the Fed is widely expected to do nothing when they meet Wednesday on interest rates.

10-20-06 -- $600 gold twice as good as Dow 12k --LISTEN
Precious metals drifted lower Friday on oil volatility and profit-taking. Gold followed oil prices lower on skepticism that OPEC members will follow through on a production cut. Gold closed in NY down $6.00 to $592.80/oz. -- but up $4/oz. for the week, while silver fell $.16 to $11.88/oz. -- but up 2.6 percent for the week. "Measured in gold, the typical stock market investor has lost more than half his money since 1999," reports Bill Bonner.

10-19-06 -- $600 Golden Opportunity --LISTEN
Precious metals jumped higher Thursday on oil volatility and a weaker dollar. Gold prices inched back near $600/oz. after Saudi Arabia said it would support a 1 million barrel per day production cut by OPEC. Gold closed in NY up $10.10 to $598.80/oz., while silver rose $.32 to $12.04/oz. "Gold is within 5 percent of it's recent bottom. This is a high-value low-risk buying opportunity," says author and Swiss America CEO Craig R. Smith.

10-18-06 -- Markets flat on inflation data --LISTEN
Precious metals inched higher Wednesday on oil volatility and inflation confusion. Tamer-than-expected consumer inflation data and surprisingly strong housing starts data restrained gold prices. Gold closed in NY down $.90 to $588.70/oz., while silver rose $.05 to $11.72/oz. Meanwhile, the Dow touched 12,000, then backed down, now going 900 trading days without a 10% correction.

10-17-06 -- Inflation surprise, markets fall --LISTEN
Precious metals drifted lower Tuesday on oil volatility and mixed inflation signals. Wholesale prices plunged 1.3% in September as the price of energy goods tumbled at the fastest rate in 20 years, meanwhile, the core producer price index rose a surprising 0.6%. Gold closed in NY down $5.20 to $589.60/oz., while silver fell $.14 to $11.67/oz.

10-16-06 -- Metals safe-haven rally --LISTEN
Precious metals rallied Monday on higher oil, a weaker dollar, and safe-haven buying after the U.N. decision to impose sanctions against North Korea. Gold closed in NY up $5.90 to $594.80/oz., while silver added $.24 to $11.81/oz. "For four thousand years gold has been the Polaris of price stability. But don't look to the Fed or Treasury to reestablish the link between the greenback and gold," writes Steve Forbes.

10-13-06 -- Metals rise sharply on demand --LISTEN
Precious metals jumped higher Friday on rising oil, a weaker dollar and physical buying. Gold demand rose this week from investors and jewelers in India, the world's biggest buyer. Gold closed in NY up $12.90 to $588.90/oz. for a 2.9 percent gain this week, while silver added $.30 to $11.57/oz. for a 4.4 percent gain for the week. The precious yellow metal is now up 25 percent year-over-year and 14 percent ytd.

10-12-06 -- A Sell-High, Buy-Low Strategy --LISTEN
Precious metals moved higher Thursday on firmer oil and bargain-hunting buying. Meanwhile, the U.S. trade gap set a new record high in August just shy of $70 billion. Gold closed in NY up $3.50 to $576.00/oz., while silver added $.04 to $11.27/oz. "With stocks hitting new highs, what better time to take some profits off the table (sell-high) and plow them into gold (buy-low)," says author and Swiss America CEO Craig R. Smith.

10-11-06 -- Gold bottoming... Dow topping? --LISTEN
Precious metals inched higher Wednesday on firmer oil and safe-haven buying. Gold drew physical buying interest but also ran into profit-taking when it tried to rally, traders reported. Gold closed in NY up $.40 to $572.50/oz., while silver added $.11 to $11.23/oz. "Gold has outperformed the Dow every year since 2000 -- despite the mass media's hostility toward gold's secular bull market," says Craig R. Smith.

10-10-06 -- Commodities drift lower --LISTEN
Precious metals drifted lower Tuesday as oil prices fell and the dollar strengthened, surrendering gains made in the prior session after North Korea said it has tested a nuclear weapon. Gold closed in NY down $6.00 to $572.10/oz., while silver fell $.17 to $11.12/oz. "The commodities 'supercycle' isn't over and prices may rise because of production," said Morgan Stanley the world's biggest securities firm by market value.

10-9-06 -- Metals hedge geopolitics --LISTEN
Precious metals moved higher Monday with oil prices on safe haven buying in thin Columbus Day holiday trading. Gold closed in NY up $5.90 to $578.10/oz., while silver added $.21 to $11.29/oz. Korean stocks tumbled Monday morning after North Korea confirmed it had conducted a nuclear test early Monday. Meanwhile, Saudi Arabia and five other OPEC countries agreed to cut oil production.

10-6-06 -- Commodity volatility --LISTEN
Precious metals closed higher Friday despite weaker oil prices and a higher dollar. The U.S. financial markets fell after disappointing U.S. payrolls growth. Gold closed in NY up $1.00 to $572.20/oz., while silver added $.11 to $11.08/oz. Despite a brutal three-day sell off this week, gold remains up 21 percent year-over-year and 10 percent ytd. Silver closed up 3.8 percent on the week.

10-5-06 -- Riding a bucking gold bull -LISTEN
Precious metals rebounded Thursday on higher oil prices and investor bargain hunting. A brutal sell off in oil and other commodities this week has been interpreted by speculators as reducing the metal's appeal as an inflation hedge. Gold closed in NY up $9.70 to $571.20/oz., while silver added $.31 to $10.97/oz. "Gold is highly emotional and subject to brutal corrections, as the gold bull seeks to shake its riders off its back," reports Richard Russell to MW.

10-4-06 -- Commodities big fall sale -LISTEN
Precious metals fell sharply again Wednesday on speculation a 16-month low in oil prices may reduce the metal's appeal as an inflation hedge. Gold closed in NY down $14.90 to $561.50/oz., while silver shed $.24 to $10.66/oz. Oil and metal prices rebounded after the close on bargain hunting. Despite the three-day commodities sell off, gold remains up 21 percent year-over-year.