GOLD PRICES extended last week's 13% gain early Monday, nearing Wednesday's six-week high of $892 per ounce as the US Dollar tumbled on the foreign exchanges and world stock markets retreated from Friday's "big bail out" surge. Pointing to the US Treasury's plans for a $700 billion "resolution trust" for toxic mortgage-backed securities, "the US Dollar's response last week was further depreciation," notes Walter de Wet at Standard Bank. "That provided support to commodities in general and precious metals specifically." Commodity prices continued to rise sharply in London on Monday, while government bond prices fell back after last week's record jump. Crude oil leapt to breach $106 per barrel. Three-month US Treasury bond yields rose towards 1.00% after reaching an all-time record low of 0.02% last Tuesday. European government bonds also dropped, pushing 6-month yields back above 4.10% in London and Frankfurt as the ...

Here's an excerpt from my second Red-Hot Commodity ETFs issue for today ...

Central Banks around the world have apparently decided it’s “free money day.” I’m thinking of driving by the Federal Reserve, just to see if they throw a billion dollars at me when I make a sad face. Hey, the First Bank of Sean could really use that kind of cash infusion. Anyway, needless to say, this is supportive for gold.And you want to know what is REALLY supportive for gold? British regulators just banned short-selling of financial stocks. Why don’t they write “PANIC!” on their foreheads with magic markers and run around screaming on the trading floor? It would have the same effect.If paper gold keeps going higher -- and it certainly could -- we may suddenly see gold eagles available on the market again. The disconnect between paper and physical gold

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