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[barbara]

Hi Guys!! Happy 2009!! I hope this year will be plentiful of good investments for all of us. And now, back to business.

Start of the week, Crude oil was high. Crude rose as the continued conflict in Israel fuels concern about a disruption to supplies. While the area is not a major oil producer, there are fears that the conflict could result in oil rich Middle East countries withholding exports. A report on Monday showed a smaller than expected drop in construction spending. President elect Barack Obama’s proposed stimulus package also boosted demand for oil in the US.

US crude for February rose $2.47 to settle at $48.81 a barrel on the New York Mercantile Exchange.

On Monday, Gold did not see a good start as dollar strengthened. Bullion, which typically moves in the opposite direction to the U.S. currency declined as dollar gained when U.S. President-elect Barack Obama crafted a package of infrastructure spending and tax cuts to create 3 million jobs.

Gold futures for February delivery closed at $857.80 down by $21.70 an ounce Comex Division of the New York Mercantile Exchange.

Cheers!

Barbie