G I L A AAAA!!!!
-----Original Message----- From: rpidie [mailto:[EMAIL PROTECTED] Sent: Thursday, December 02, 2004 1:56 PM To: [EMAIL PROTECTED] Subject: [obrolan-bandar] FW: Gold Rises to 16-Year High After Dollar Weakens Against Euro US Dollar ambruk, emas naik terus, rupiah tetap santai. JSX menggila, ANTM tenang2 aja. Apaan tuh? rz ===== http://quote.bloomberg.com/apps/news?pid=10000086&sid=aKuBpw2waFus Gold Rises to 16-Year High After Dollar Weakens Against Euro Dec. 2 (Bloomberg) -- Gold futures rose to a 16-year high in electronic trading as the dollar fell to a record against the euro, increasing the appeal of the precious metal as a hedge against declines in U.S. assets. The dollar fell to a record against the euro, and near its weakest in almost five years against the yen, on speculation Japan and Europe won't unite to stem the U.S. currency's fall. Gold has risen 10.3 percent in the past two months as the dollar fell 7.67 percent against the euro. With gold ``at 16-year highs while the dollar has multi-year lows in its sights, the consensus prescription is buy gold, sell dollars,'' Andy Smith, an analyst at Mitsui & Co. in London, said in an e-mailed report. Gold for February delivery rose $2.40, or 0.5 percent, at 11:51 a.m. Singapore time to trade at $458.30 an ounce in after- hours trading on the Comex division of the New York Mercantile Exchange. It had earlier risen to as much as $458.40, the highest for a most-active futures contract since June 20, 1988. Gold for immediate delivery also advanced to a 16-year high. It rose $2.32, or 0.51 percent, to $456.27 an ounce at 11:54 a.m. Singapore time after having reached as high as $456.45 an ounce, the highest since June 10, 1988. At 1.30 p.m. yesterday in New York, it was $453.95 an ounce. Gold on the spot market has ``in the past two or three weeks had very good consolidation between $450 and $455 an ounce,'' which is a bullish sign, said Ellison Chu, manager of precious metals at Hong Kong-based Standard Bank Asia Ltd. over the telephone. Stop-Loss Rising prices may flush out speculators who had sold gold they didn't own in anticipation of buying back at a profit when prices fell. When prices rise, they may buy to stem their losses. ``We should expect some-stop loss buying above $458 an ounce from the short side, then the market will shoot up to the $462 area,'' Chu said. The dollar declined to $1.3372, its weakest against the euro. It was at $1.3367 at 11:47 p.m. in Singapore according to EBS, an electronic currency dealing system. Against the yen, the U.S. currency was 102.31. The dollar dropped as low as 102.15 yen from 102.58 in New York and compared with 102.01 on Nov. 26, the weakest in almost five years. Hiroshi Watanabe, Japan's top currency policy maker, yesterday said Japan and Europe haven't discussed measures to stop the dollar's slide, adding that the two nations can take joint action if necessary. Japan hasn't sold yen since March and the European Central Bank last entered the markets in 2000. ``They can discuss whatever they want, it doesn't mean it's going to happen,'' said Harvinder Kalirai, a market analyst in Sydney at State Street Corp., the world's largest custodian of assets with more than $1.2 trillion under management. ``Any initial intervention is going to be from Japan alone, not coordinated with the ECB. It's going to take a higher euro before the ECB joins Japan.'' Tokyo, Silver On the Tokyo Commodity Exchange, the benchmark October 2005 contract gained 7 yen a gram to 1,504 yen a gram at 11:56 a.m. in Singapore. In Shanghai, the benchmark 99.95 percent gold contract rose one yuan to 121.45 yuan a gram at 11:58 a.m. Singapore time, according to the Shanghai Gold Exchange Web site. The prices are one hour behind. Silver futures on Comex also rose, tracking the gains in gold, Standard's Chu said. Silver for March delivery on Comex gained 0.005 cent to $8.085 an ounce, after having risen to as high as $8.11. It reached $8.13 yesterday, the highest since April 8, 2004. Traders are cautious about buying silver at this level, as speculative funds are controlling the market, Chu said. To contact the reporter on this story: Chia-Peck Wong in Singapore at [EMAIL PROTECTED] To contact the editor responsible for this story: Peter Langan at [EMAIL PROTECTED] Last Updated: December 1, 2004 23:26 EST ---------------------------------------------------------- IMQ - THE REAL TIME DATA AND BUSINESS NEWS SERVICE ---------------------------------------------------------- Yahoo! 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