Gold's Price Won't Come Down Soon...


	Gold's Price Won't Come Down Soon...

dme3ha

1-30-2008 11:23 AM

154 views

tags:

gold, africa, power, electricity

dme3ha says:

It's time to sell your gold when the price is still high, due to lack of supply from S. Africa...

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/981b040a-99fc-4c35-83a0-c0821321ee62/1EC97AFD-1B14-4C19-98F5-D5C0E90B6117/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm" href="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm" style="font-size: 11px;">english.aljazeera.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm"><DIV>South Africa's parliament is set to hold an emergency session as people prepare for a month of blackouts due to severe power shortages. </DIV><BR />The energy crisis, which analysts fear could severely damage the economy, has prompted opposition parties to threaten to bring a motion of no confidence against Thabo Mbeki, the country's president.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/english.aljazeera.net/img/6E086F66-D116-453D-A7D9-F8306F3E673D" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm"><DIV>Eskom, the country's largest electricity producer, is cutting electrictiy supplies by 4,000 megawatts for four weeks in an attempt to stabilise the power grid.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm">South Africa is the world's second biggest producer of gold, and most of the country's mines ground to a halt amid electricity rationing last Friday.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm"><SPAN>The situation has driven up the price of gold and economists have warned that it could ultimately slow down the entire economy.</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/NR/exeres/6C1C2757-6F49-4A3B-B108-126CD3224298.htm"><SPAN>Some analysts say that the cuts could slash <ST1:COUNTRY-REGION _moz-userdefined="" w:st="on"><ST1:PLACE _moz-userdefined="" w:st="on">South Africa</ST1:PLACE></ST1:COUNTRY-REGION>'s growth to below 3 per cent this year, the lowest level in 14 years. </SPAN></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1EC97AFD-1B14-4C19-98F5-D5C0E90B6117/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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