Signs Econonmic Commentary

SOTT
http://signs-of-the-times.org/signs/signs.php
Donald Hunt
30/01/2006

Gold closed at 558.90 dollars an ounce on Friday, up 0.9% from $553.80
at the previous week's close. The dollar closed at 0.8269 euros on
Friday, up 0.3% from 0.8241 euros the week before. The euro, then,
closed at 1.2094 dollars, compared to 1.2134 at the previous Friday's
close. Gold in euros, then, would be 462.13 euros an ounce, up 1.3%
from 456.40 the week before. Oil closed at 67.76 dollars a barrel, down
1.1% from $68.48 a barrel the Friday before. Oil in euros would be
56.03 down 0.7% from 56.44 euros a barrel the week before. The gold/oil
ratio closed at 8.25 barrels of oil per ounce of gold, up 2.0% from
8.09 at the previous week's end. In the U.S. stock market, the Dow
closed at 10,907.21 on Friday, up 2.2% from 10,667.39 the week before.
The NASDAQ closed at 2,304.23 for the week, up 1.5% from 2,247.70. The
yield on the ten-year U.S. Treasury note ended at 4.51%, up 16 basis
points from 4.35 at the close of the previous week. Gold continued its
rise last week and the U.S. stock market rallied on Friday, regaining
much of what it lost the previous Friday. Oil eased a bit as well.

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