How to trade Google into its earnings report tonight
Here is a great post about trading Google into earnings:
http://blogs.marketwatch.com/cody/2010/04/15/how-to-trade-google-into-its-earnings-report-tonight/
Gold may rise after climbing to a record in New York for a third day as investors sought protection from a weakening dollar.
Dec. 3 (Bloomberg) — Gold may rise after climbing to a record in New York for a third day as investors sought protection from a weakening dollar.
The dollar fell as much as 0.6 percent against the euro on speculation the European Central Bank will announce plans to scale back emergency lending after keeping its main interest rate at a record low. Gold futures, which usually move inversely to the greenback, have added 38 percent this year as the U.S. Dollar Index has lost 8.4 percent, sparking inflation concern.
“Momentum is very positive for gold,” Eliane Tanner, an analyst at Credit Suisse Group AG in Zurich, said today by phone. “Weakness in the dollar is expected to go on until the end of the year. Gold could have a strong year-end rally.”
