By: Chris Mullen, Gold-Seeker.com - 6 August, 2010
Gold jumped to as high as $1210.85 after this morning jobs report was released before it moderated its gains a bit in the last few hours of trade, but it still ended with a gain of 0.45%. Silver climbed to as high as $18.563 before it also fell back off, but it still ended with a gain of 0.33%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 August, 2010
The battle of $1,200 is intense. The 3rd August saw a London Gold Fix was at $1,194.50. The 4th August saw a Fix of $1,199.50 and on the 5th August in the morning it was set at $1,195.50, the afternoon at $1,192.5. After hours it moved back up through Asia to start today at $1,195 moving up to $1,197 just before London opened. Today’s morning Fix was set at $1,194.50. Look forward to a frantic Friday in New York particularly as the job losses are twice as bad as expected at 131,000 jobs lost. Full Story
By: Chris Mullen, Gold-Seeker.com - 5 August, 2010
Gold rose to see a $6.10 gain at $1199.75 by about 9AM EST before it fell to see a $3.75 loss at $1189.90 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a gain of 0.26%. Silver climbed to $18.462 and dropped to $18.18 before it also rallied back higher and ended with a gain of 0.49%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 August, 2010
The difference between the Fixings is narrowing just below $1,200. The London Gold Fix was at $1,194.50 on the 3rd August. Yesterday afternoon it was at $1,199.50 and this morning at $1,195.50. The resistance is strong at $1,200. One of the five Bullion banks were buyers and one was a seller and three were neutral. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 August, 2010
Gold climbed steadily higher in Asia and London and rose to as high as $1202.90 by about 9:40AM EST before it fell back off in the last few hours of trade in New York, but it still ended with a gain of 0.71%. Silver climbed to as high as $18.688 by midmorning in New York, but it then fell off rather markedly in afternoon trade and ended near its late session low of $18.227 with a loss of 0.81%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 August, 2010
This morning the London Gold Fix was at $1,194.50 and trading after the Fix held that level. Three of the five Bullion banks were buyers and two were sellers. This emphasizes that physical demand is presently dominating the gold price. The Dollar continues to slip against the Yen, the Pound Sterling and the Swiss Franc. There seems to be little reason why it should not continue to fall. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 August, 2010
Gold fell slightly to as low as $1179.30 in Asia, but it then rose throughout most of trade in London and New York and ended near its late morning high of $1190.40 with a gain of 0.27%. Silver fell to $18.26 in Asia and rose to as high as $18.583 in New York before it fell back off in the last couple of hours of trade, but it still ended with a gain of 0.33%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 August, 2010
Because gold is so much more than a commodity, with so many different types of global investors, it is always unwise to see it as solely a price-driven market. The present price performance highlights that. The complexities of gold make it the world’s most interesting markets of all. Full Story
All the key ingredients for commodities to rise are in place (1) A weaker US dollar (2) Around two percent rise in US and European stock markets (3) Lack of negative news. As long as this continues commodities will continue to rise. But I expect profit taking at the slightest of bad news. Trade in the momentum and buy on dips but use higher stop losses and watch to signs of intra day trend reversal. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 August, 2010
Gold fell as much as $7.30 to $1174.20 in London before it jumped up to $1190.35 in early New York trade and then fell back to see a slight loss at $1179.13 by around noon EST, but it ultimately bounced back higher in the last hour of trade and ended with a gain of 0.04%. Silver fell to $18.055 and rose to $18.54 before it fell back off in the last few hours of trade, but it still ended with a gain of 2.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 August, 2010
The gold price ball is firmly in the London court, where gold Fixed this morning at $1,178 two Dollars less than in Asia. Thereafter, it drifted down three Dollars before trying to climb back through to the opening of New York. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
