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Weekly Archives
By: Chris Mullen, Gold-Seeker.com - 24 August, 2007
Gold traded just slightly higher in Asia, London, and early New York trade and then started to add to its gains between 11AM EST and noon to about $663 before it spiked about 1% more to roughly $669 in just the few minutes following 12PM EST. It then backed off a bit into the close, but it still ended with an impressive gain of 1.23%. Silver spiked to about $12.00 by early afternoon before it also backed off slightly into the close, but it still ended with a gain of 2.40%. Full Story |
By: GoldSeek.com - 24 August, 2007
COT Gold Report - August 24, 2007 Full Story |
By: SilverSeek.com - 24 August, 2007
COT Silver Report - August 24, 2007 Full Story |
By: Adrian Ash - 24 August, 2007
SPOT GOLD PRICES moved sideways in London on Friday morning, dipping to an AM Fix of $659.75 before rising to touch $662 per ounce by lunchtime. "People are nervous and not sure how gold is going to react," says Matthew Turner, an analyst at Virtual Metals. "It depends so much on the outside market. Full Story |
By: Gold Investments - 24 August, 2007
Gold has traded sideways in Asia and early European trading after yesterday's flat close in New York at $659.30. Gold appears to have broken out of the recent tight trading range between $653 and $660 but we will need a weekly close above $660 to confirm this. The next resistance is seen at $666 and then $675. Full Story |
By: Chintan Karnani, Insignia Consultants - 24 August, 2007
Investor caution continues to drive precious metals as they find sellers at higher levels. . Overall sentiment in MCX on gold and silver is negative as prices do not rise much despite rise in Comex prices. Full Story |
By: Chris Mullen, Gold-Seeker.com - 23 August, 2007
Gold gained in choppy trade in Asia and London and rose near $665 with about 1% gains by early trade in New York, but it then plunged about $5 between 9:30AM EST and 10:30AM, remained mostly slightly higher for the rest of trade at about $659, and closed with a gain of 0.15%. Silver rose near $11.85 by late trade in London before it fell back off for much of trade in New York and closed with a gain of 0.60%. Full Story |
By: Adrian Ash - 23 August, 2007
SPOT GOLD PRICES rose to a one-week early Thursday, gaining $2.50 from the previous night's US close and recording a Morning Fix of $662.25 per ounce in London. Gold leasing rates also rose strongly, hitting their highest level since Nov. 2003, as London's largest bullion banks demanded a greater rate of return for lending their gold over the coming 12 months. Full Story |
By: Gold Investments - 23 August, 2007
Spot gold was trading at $664.00/664.50 an ounce as of 1215 GMT. Gold has traded sideways in Asia and early European trading after yesterday's move up which may have been due to dollar weakness. Gold broke out of the recent tight trading range between $653 and $660. Next resistance is seen at $666 and then $675. Full Story |
By: Chintan Karnani, Insignia Consultants - 23 August, 2007
Metals and energies are getting a boost from a weaker US dollar and rise in US equity markets. A very positive sign in the making, but do not get swayed, rather use a slightly higher trailing stop loss. Full Story |
By: Chris Mullen, Gold-Seeker.com - 22 August, 2007
Gold dipped slightly in Asia, rose back to find small gains in London, and then furthered its gains in New York to trade at over $660 by late morning before it fell back off a bit into the close, but it still ended with a gain of 0.35%. Silver topped $11.80 before it also pared its gains in the last couple hours of trade, but it still ended with a gain of 1.22%. Full Story |
By: Gold Investments - 22 August, 2007
Spot gold has continued to trade sideways and remains in an extremely tight range for the last four days between $653 and $660 and in a range between $648 to $675 since the start of August. There is very strong support at the 65 week moving average at $644. Gold has remained above the 65 week moving average since the inception of the bull market in 2001, as seen in the chart below. Full Story |
By: Adrian Ash - 22 August, 2007
SPOT GOLD PRICES recovered an overnight dip early Wednesday, regaining the previous night's US close after recording an AM Fix in London of $657.15 per ounce. "The credit worries are not over and the [gold] market will not really have much clue what the true credit liquidity dynamics are for some time," says metals analyst Michael Jansen at J.P.Morgan. Full Story |
By: Chintan Karnani, Insignia Consultants - 22 August, 2007
Investors are not taking any fresh positions in precious metals or base metals due to high volatility. Instead those who are stuck are higher levels are trying to average to average it out and exit. Full Story |
By: Chris Mullen, Gold-Seeker.com - 21 August, 2007
Gold rose a few dollars in Asia before it fell back near unchanged in London and traded mostly slightly higher in New York, but it fell back near its lows of the session by the close and ended with a gain of just 0.08%. Silver dropped near $11.50 in London before it rebounded in New York and saws gains over $11.80 by about 9AM EST, but it then fell back off for the rest of trade and ended near its low with a notable loss of 2.31%. Full Story |
By: Adrian Ash - 21 August, 2007
SPOT GOLD PRICES pulled back after rising into the London opening on Tuesday, recording a Morning Fix of $655.50 before recovering $3 per ounce as European stock markets gave back their own early gains. Full Story |
By: Chintan Karnani, Insignia Consultants - 21 August, 2007
Central banks continue to pump more and more liquidity into the money markets in order to ensure that stocks do not fall. Fed, bank of Japan, European central bank are all doing the same thing. This is just a short term measure and a rather delaying tactic to curtail a stock market collapse. Full Story |
By: Chris Mullen, Gold-Seeker.com - 20 August, 2007
Calm once again returned to the markets today, but as seen last week another piece of news referencing problems in the credit markets could surface at any time and set off another financial storm. While there were no significant announcements or events evidencing themselves today, uncertainty remains and that nervousness pushed bonds higher while oil fell on weather forecasts and the metals remained near unchanged. Full Story |
By: Chintan Karnani, Insignia Consultants - 20 August, 2007
Investor is not an idiot, specially after an indirect interest rate cut of half a percent. Fed has indirectly acknowledged that the US economy is in shambles and that it needs to give people free money so that consumer spending rises and growth rates are stable. Full Story |
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