Streettracks Gold is on the rise.

The price for 10 Jan. 2008 is at the all time high, it break the 52 weeks high, this maybe tell you that major market cashflow is going to Gold. Gold is a safer place for the cash to place and future Gold price may expected more even higher than present price.

Market now is mostly seller more then buyer and world market are lack of cashflow as this is the effect of credit crunch that causes. Major bank like citibank, Goldman and others will keep selling their share for keeping the cash for running their core business.

On the other side if the Bank stock price keep on down, may can watchout for their bottom and grab it if you can, anyway bank is one to more the country economy by offer loan to those businesses.

Most of the market analysts expected to see Gold price at US$1000, I just keep to see the price to hit this price US$1000 level.

Next we have to watch what can US Govt. do to help their economy in the year of 2008, as Bush expected 2008 will have a growth rather than slow down.

Will US fall into deflation like Japan's 1990 bubble? I shall watch it...