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Oil Slips, Dollar Climbs and Gold Falls
November 28, 2007

Roller Coaster Gold Likely for Rest of 2007

At these current heights and with such a high volume of investment trading, Gold seems especially sensitive to any economic indicators. As crude oil slipped down on speculation of increases in OPEC production levels and the dollar went on the rise, Gold dropped some $30 off it's once spot price, breaking down below the $800 mark.

At the time of this posting Gold has seen a bit of a rebound, driving up to about $803.

For future expectations, keep an eye on the Fed's decisions regarding interest rate changes, any announcements or indicators on the Housing situation and of course, developments in the field of energy which might relate directly to fuel costs. For the short term, watch for figures on retail profits and Holiday shopping through the end of the year.

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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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