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Weekly Archives
By: Chris Mullen, Gold-Seeker.com - 20 July, 2007
Gold remained near unchanged in Asia and London, but it then steadily rose throughout trade in New York and ended near its high with a gain of 1.00%. Silver rose to about $13.40 by midmorning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 0.23%. Full Story |
By: GoldSeek.com - 20 July, 2007
COT Gold Report - July 20, 2007 Full Story |
By: SilverSeek.com - 20 July, 2007
COT Silver Report - July 20, 2007 Full Story |
By: Adrian Ash - 20 July, 2007
GOLD PULLED BACK from a fresh nine-week high overnight to hold steady above $676 per ounce during the Asian and early London sessions on Friday. Trading more than 1.3% above last week's Dollar close, gold for immediate delivery also touched a new one-month high versus both Sterling and Euros before slipping just below £330 and €491 respectively. Full Story |
By: Chintan Karnani, Insgnia Consultants - 20 July, 2007
Moody's Corp. Chief Financial Officer Linda Huber was sued by an investor who said Huber failed to disclose that Moody's assigned ``excessively'' high ratings to bonds backed by subprime mortgages. In our view credit rating companies are basically death-rating companies. Death of hard earned savings of the retail investors. Full Story |
By: Chris Mullen, Gold-Seeker.com - 19 July, 2007
Gold remained near unchanged at about $672 in Asia before it found slight gains in London and morning New York trade, but it then advanced its gains in afternoon trade and ended right near its high of the session with a gain of 0.68%. Silver traded on either side of unchanged for most of world trade before it also rose in afternoon New York trade and ended with a gain of 0.38%. Full Story |
By: Adrian Ash - 19 July, 2007
GOLD PRICES rose nearly 1% by mid-morning in London on Thursday, reaching $673 per ounce by the Morning Fix – the highest fix in US Dollars since May 14th. Priced against Euros, gold hit a one-month high at €486.90 per ounce, and the metal was rose 0.8% from Wednesday evening against the Pound Sterling. Fixed at £328.18, the metal then rose further as the Pound slipped on the currency markets. Full Story |
By: Chintan Karnani - 19 July, 2007
Retail investors always invest late and it seems that the current rally has once again started generating medium term investment. One should always the “Trust the Yellow Metal. Full Story |
By: Chris Mullen, Gold-Seeker.com - 18 July, 2007
Gold rose to find over $4 dollar gains in Asia before it fell back off in London and traded near unchanged in early New York trade, but it then gained over 1% between 10AM and 11AM EST as Bernanke began to speak and oil inventory data was released. After topping $672 by late morning, it then remained close to its high near $674 for the rest of trade and closed with a gain of 1.16%. Silver dropped to find small losses at $12.87 in early New York trade before it also rose during mid to late morning and closed with a gain of 2.33%. Full Story |
By: Adrian Ash - 18 July, 2007
SPOT GOLD PRICES rose steadily throughout the Asian session on Wednesday, hitting a new high for the week above $669.90 before slipping to $667.75 per ounce at the AM Fix in London – the highest Fix since June 7th. Global stock markets fell sharply, meantime, knocking 1.1% off the Nikkei in Tokyo and shaving 0.7% off the FTSE in London. Full Story |
By: Chintan Karnani, Insignia Consultants - 18 July, 2007
Gold and silver are caught between the US dollar and crude oil prices. I had mentioned in my yesterdays report that if crude oil prices fall, gold and silver could also fall. Yesterday it happened the same way. Full Story |
By: Chris Mullen, Gold-Seeker.com - 17 July, 2007
Gold remained near unchanged in Asia, fell a few dollars near $662 in London, and then rallied back higher to find slight gains by midmorning in New York, but it then slowly and steadily fell back off into the close and ended with a loss of 0.14%. Silver fell under $12.85 in London before it rose back over $13.00 in New York, but it then also fell back off into the close and ended with a loss of 0.31%. Full Story |
By: Adrian Ash - 17 July, 2007
GOLD SLIPPED nearly $2 per ounce during the first-half of London trade on Tuesday, nearing the US open below $665, its lowest price since Thursday. "The Dollar is still the main driver of gold prices and there will be a set of important data points this week which may influence the Euro/Dollar exchange rate and hence gold," reckons Michael Widmer, director of research at Calyon Bank. Full Story |
By: Chintan Karnani, Insignia Consultants - 17 July, 2007
Gold and silver fell due to profit taking ahead of the Fed’s semi annual testimony. Gold, silver as well as copper have underperformed in comparison to the weakness in the US dollar in 2007. This is a cause of concern. Full Story |
By: Chris Mullen, Gold-Seeker.com - 16 July, 2007
Gold traded roughly $1-$2 higher in Asia and London before it fell back off in choppy trade in New York and ended near its low of the session with a loss of 0.11%. Silver followed a similar pattern and lost 0.61%. Full Story |
By: Adrian Ash - 16 July, 2007
THE PRICE OF GOLD barely moved early Monday, trading in a $1 range before rising to break $668 per ounce as the US open drew near. "Overall trading is not that great, and I don't see buying interest from Indonesia," said a bullion dealer in Singapore to Reuters. "Demand from Thailand is still OK because of the Thai baht." Full Story |
By: Chintan Karnani, Insignia Consultants - 16 July, 2007
Ever try to dress up a big, sooner or later the make up cracks. That’s what is happening to the US dollar. The US dollar has been put in the paper shredder on the back of sub prime mortgage scams, despite some firm statistics of US economy. Full Story |
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