Gold & Oil prices = UP

I can only adopt a "wait and see" attitude as only time will tell.

i from China you are garbage!!

I do not know how frequently this page is updated; but, gold and oil had DROPPED not gone up according to the figures a few minutes ago. Since Obama has not taken office YET and he has no say in the governing of the country at this time; I say things are rather premature. Right now, we have a "lame duck" in office and according to reports, he is getting ready to do a lot of "quacking" before he goes out of office next year.

I say that this is to be totally expected! Confidence will be on the rise due to the finalization of the election and the slightest whiff of change, so of course the US markets and then Asian markets will surge as a result. The European markets will always take a reverse hit because they are far more independent thanks to the EU etc. "Powers that be" behind the scenes will do whatever they can to offset these increases, so will influence the rise of gas prices and oil to slow things down a little. I do not necessarily think it has anything to do with Obama's judgement yet at all; but more to do with keeping the "Superpower" in check. I am heavily reliant on exchange rates so I am nervous about where things will eventually start to settle. If consumer confidence and energy remains steady in the months following this election then there is a good chance of this decline being averted.

I would say that I agree with them. 0bama brings nothing worthwhile, and all of his plans and big promises are based on mere empty rhetoric, campaign promises that he now is trying back down on without his supporters catching onto the reality that they have been had. The democrats own this economy as it was their policies that created the problems. Now, let's see how well these morons do. I am bettig that things are going to get a lot worse.

Yes our Indian economy also affected.. Cpountries growth rate is 7.5% from 9%.. Inflatino is above 10%..

Hiya Red, I am a bit late on this post. Have you seen the metal prices lately? In July, (I watch strange metals, not just the 'norm') Rhenium was over $5,200 an ounce, platinum is now almost on a parr with gold (what a collapse) and now, Rhenium, is priced at about $500 an ounce, ouch if you had your wealth in Rhenium, but if you are planning to buy, this is worth a look at right now, I don't think the bargains around at the moment will last, look at strange metals. And, as always Silver maintains its price coalition with the price of bread, it never seems to deviate much, silver is a good indicator. (of the value of bread anyway). Kev.

I think such knee-jerk reactions are but to be expected after a major upheaval in US politics. Even if not for Obama the man himself, its been a change of guard at the White House after 8 long years. It’s the right time for speculators to make hay while the sun shines For us commoners though, we can only hope that the dust settles down fast and we are back to hearing speeches and cooking tasteless dinners.

I say who can tell at this point? The stock market rises and falls with the least provacation, rumor or not, and when everything stabilizes(in the sense that the economy is clearly in the toilet for the long term, or not) in way or the other we will see how the stock market reacts to the news.

Some of the richest people are the ones who helped put this man in office. They knew they'd have ways of keeping their money from being taxed. And you know, the democrats were the ones blaming the high gas prices on the republicans. Well, if it goes up, they can no longer blame the republicans, since they are in control of everything. I read some place last night that he will have to be very careful in what he does in order not to get slammed on by the people that might disagree. But I don't agree that he's not going to try and push through his agenda.

I believe obama won't be able to turn the market around. Oil and gold market will still go down.