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Message: Despite bear market rally in the $$$$
HUI up over 3%April gold Date:02/08/08 12:30 O=922.3 H=922.3 L=922.3 C=922.3Spot gold at $918.60 'Despite a bear-market rally in the dollar, falling oil prices and numerous pundits jumping on the bearish gold bandwagon, gold has once again demonstrated it remains firmly in a secular bull-market uptrend.'— Peter Grandich, The Grandich Letter METALS STOCKSGold futures gain; softness in dollar fuels demandBy Polya Lesova, MarketWatchLast update: 12:33 p.m. EST Feb. 8, 2008Print E-mail RSS Disable Live Quotes NEW YORK (MarketWatch) -- Gold futures rose to trade near $921 an ounce Friday, gaining as the dollar traded lower against most of its major foreign-exchange rivals.Gold for April delivery surged $11.30 at $921.30 an ounce on the New York Mercantile Exchange. "The fact that dips below $900 remain well-supported continues to suggest that investors are still keen to increase their holdings, and that once the current base-building phase is over, the metal will look to challenge" its recent highs, said James Moore, analyst at TheBullionDesk.com, in a research note. In Thursday's trading, gold futures moved $5 an ounce higher, extending a surge of $14.70 an ounce, or 1.6%, on Wednesday. The dollar tumbled more than 1% against the Canadian dollar, reflecting strong employment data reported out of Canada, but otherwise stuck mostly to recent trading ranges as currency traders awaited a meeting of Group of Seven finance ministers and central bankers. The dollar index, which tracks the performance of the greenback against a basket of six major currencies, was at 76.692, down from 76.851 in late U.S. trading Thursday Rink
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