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Gold Turns Upward Again
November 20, 2007



Gold on the Rise Again After Four Day Slump

After half a weeks worth of in gold, the precious metal of choice has finally turned around and is rising once again. Poised to have a good chance of cracking $800 again before the Thanksgiving holiday, gold is making it's progress on a weakening dollar.

After a good strong run against the Euro, the Dollar is now faltering again and has fallen to an all time low. A weakness that will most likely effect the black-friday, post-Thanksgiving shopping spree for many Americans. Black-friday always sets the pace for retail business and is a bell weather for economic expectations in the coming year. Cyber-Monday, the internet shopping version of the brick and mortar black-friday, has also become a good indication of realistic economic trends, as well as a wonderful time for hackers, so be careful.

Crude oil is also on the rise again and other commodities will probably gain ground with investors if the dollar continues it's slide.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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