Gold is now up 5.40 in Asia.

Asia / Europe Spot Price
MARKET IS OPEN
Will close in 17 hours 17 minutes
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Metals Bid Ask Change from NY close
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Gold 798.50 799.30 +5.40 +0.68 %
Silver 13.93 13.98 +0.12 +0.87 %
Platinum 1483.00 1487.00 +8.00 +0.54 %
Palladium 349.00 353.00 -3.00 -0.85 %
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Last Update on Dec 16, 2007 at 20:12.48
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The central banks have their attention on gold now but I think they will eventually consider gold a secondary threat and instead consider saving the economy itself priority number one. The agreement by several of them to work together last week was significant. The amounts were not large in them selves but there will be much more to come. The estimates are that they will eventually need close to two trillion (That is if they act in time). That is big time inflation.