The Energy Report Tuesday September 08, 2009

By Phil Flynn
08 September 2009 @ 11:46 am EDT

Buying is golden. Black Gold is rising being driven by the more traditional yellow gold as it surges above $1000 an ounce for the first time since February. The mellow yellow move is raising inflationary caution flags and is dragging up oil and other commodities as well... As much as oil likes to act as a strategic investment at times gold seems to be the shining commodity of the moment. Strong seasonal gold demand in India as well as a weak dollar has gold soaring help along by china and some big mining plays. Dow Jones reports that Goldman Sachs is pimping up China metal demand expectations by saying that Chinese metals demand will remain 'robust in 2009" and 201. The reason they say is the China's government's pro-growth policy and an expanding supply of loan capital.

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