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Tuesday, September 30, 2008
Gold Rises As Rejection Of Plan Spurs Safe-haven Buying
Moming Zhou
MarketWatch Pulse
NEW YORK -- Gold futures rose for a third session Tuesday, as a rejection of the $700 billion bailout plan by the U.S House of Representatives spurred safe-haven buying. Gold for December delivery rose $6.70, or 0.8%, to $901.10 an ounce in early electronic trading. Gold has gained $20 in three sessions since Thursday. The House voted against the bailout plan Monday afternoon.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.






