05/31/09 2:41 pm - Falling dollar spurs rising gold option plays

GLD – SPDR Gold Trust – With the value of the dollar coming under increasing pressure recently, those of protective hedges have risen. Today’s rally in the euro to above $1.41 against the dollar marks its strongest price since December 31, 2008. We noted in our daily forex commentary that signs of growth in Asia had conspired to convince investors that the health of the global economy was sound and so undermined the value of the dollar. In addition, physical commodities are having a storming

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