Gold Gains, Erasing Declines, as Dollar Weakens

http://www.bloomberg.com/apps/news?pid=20601012&sid=aEpNYljHznJ0

The dollar slipped as much as 0.3 percent against a basket of six major currencies as Federal Reserve Chairman Ben S. Bernanke reasserted a plan to keep benchmark U.S. lending rates at historic lows for an “extended period.” Last week, gold prices jumped 2.7 percent as the dollar slumped.

“If the dollar starts to weaken significantly again, it will send gold off to the races,” said Frank McGhee , the head dealer at Integrated Brokerage Services LLC in Chicago.

So, will we see some Gold race soon? Possible and the all gold stocks will gain to!

Go MMY, go!!!