Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Monday, November 05, 2007

Monday Is Chart Day

Gold Declines as Dollar Rebounds Against Major Currencies; Silver Weakens Gold fell in London as the dollar rebounded, reducing demand for the metal as an alternative to investment in U.S. assets. Silver also declined.

Expect oil demand, and price, to go up Wyss, chief economist at Standard & Poor’s, gave his forecast for the United States economy at an economic outlook conference in Charleston on Thursday. West Virginia University’s Bureau of Business and Economic Research sponsored the conference.

“The demand for oil will increase greatly over the next 10 years,” Wyss said. “In the long run, energy prices are going up. There’s no shortage of energy. There is a shortage of oil.”

Well, not ha-ha funny. You know what I mean. Be careful out there today.

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