Gold Rallies Back Over $900
Doug Casey (March 12th, 2009) Writes:
Gold was dead flat from Hong Kong to mid-morning in New York on Tuesday, after which it staged a modest rally to finish at $907.90/oz., up $10.60. Overnight, gold is pushing higher.
Platinum traded very tightly, never straying much from the $1040-1050 range, and ending at $1051/oz., up $10. Overnight, platinum is little changed.
Silver mirrored gold for the second straight day, taking off higher from the same flat mid-morning point and pushing into positive territory to close at $12.77/oz., up 20 cents. Overnight, silver is trending higher. (Click here for charts)
The precious metals had been doing a good bit of backing the first two days of the week, and yesterday turned around to do some filling.
The usual suspects played little part in providing a sense of direction, with both the dollar and oil falling and equities rallying for a second day. But there is probably more than a
...cent;, contrarian profits, Energy Prices, Hong Kong, James Moore, Jan Nadler;, Kitco Bullion Dealers, Market Commentary, metal, New York, oil falling, TheBullionDesk.com, Us Treasury, USD


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
