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Weekly Archives

By: Chris Mullen, Gold-Seeker.com - 8 May, 2009

Gold and silver rose to their session highs of $919.50 and $14.028 as the jobs data was released in early New York trade before they fell back off midmorning to see roughly 1% losses by about 10:30AM EST, but they then rallied back higher in the last few hours of trade and gold ended back near unchanged while silver ended with a loss of just 0.5%. Full Story

By: GoldSeek.com - 8 May, 2009

COT Gold, Silver and US Dollar Index Report - May 8, 2009 Full Story

By: Adrian Ash, BullionVault - 8 May, 2009

THE SPOT PRICE of gold rose for the sixth session running on Friday, reaching the best Gold Fix in London in five weeks before dropping half-a-per-cent – and outpacing a drop in the Dollar – as world stock markets and commodities also slipped back. Full Story

By: Gold Investments - 8 May, 2009

Gold rose for the fourth day yesterday and is up some 3.5% so far this week and set to complete a very strong week. As expected, under reported and leveraged silver has outperformed gold and surged more than 12% this week. A close above $14.60/oz, could see silver again challenge recent nominal highs at $20.88/oz. Full Story

By: Chris Mullen, Gold-Seeker.com - 7 May, 2009

Gold and silver traded slightly higher in Asia and London and rose in early New York trade to as high as $923.02 and $14.132 by about 9AM EST before they fell back to about unchanged by late morning, but they then rallied back higher in afternoon trade and gold ended with a gain of 0.58% while silver added 2.11%. Full Story

By: Thomas Hartmann - 7 May, 2009

Although gold did trade higher than the April 27th high, which is slightly positive news, the market could not hold above that level and has fallen back to around even on the day. Traders ought to wait for a close above $916 to get long for the next wave up in gold prices. For right now though, gold appears to be taking its cues from the stock market, as inflation will only be fueled as the economy picks up. Full Story

By: Adrian Ash, BullionVault - 7 May, 2009

THE PRICE OF PHYSICAL gold spiked to its highest level since the start of April in London trade on Thursday, jumping above $923 before slipping $7 per ounce as the forex, commodity and equity markets leapt on a move to "Quantitative Easing" by the European Central Bank (ECB). Full Story

By: Chintan Karnani, Insignia Consultants - 7 May, 2009

Commodities and equity markets all rose simultaneously yesterday for the first time this year. This is clearly an indication of greater investment demand in commodities by fund managers and retail investors. There is more confidence in the mindset of investors that global economic recovery is on the way soon and that it may have bottomed out. Full Story

By: Chris Mullen, Gold-Seeker.com - 6 May, 2009

Gold traded modestly lower in early Asian trade, but it then steadily climbed back higher in London and New York and ended near its high of $911.47 with a gain of 0.65%. Silver traded slightly lower in Asia and near unchanged in London before it jumped higher in early New York trade and ended near its high of $13.822 with a gain of 2.46%. Full Story

By: Peter A. Grant - 6 May, 2009

There seems to be a tug-of-war going on over the past month between the forces proclaiming a nascent economic recovery and those that believe there is still a long road of economic contraction and increased joblessness still ahead. Truth be told, gold is likely to continue to shine no matter how this ultimately plays out. Full Story

By: Adrian Ash, BullionVault - 6 May, 2009

THE SPOT PRICE of Gold rose early Wednesday in Asia and London, recording a morning Gold Fix of $903.50 an ounce as emerging-world stock markets rose yet again, adding 41% from March's low. Base metals and energy prices also pushed higher, and crude oil broke back above $54 per barrel as government bond prices fell. Full Story

By: Gold Investments - 6 May, 2009

Gold and silver rose marginally yesterday as the dollar again fell. Gold initially surged gold to over $914/oz (from $901/oz) prior to determined selling capped the price and saw it again fall below the psychologically important $900/oz mark. Silver was again more resilient and rose 2.8% to $13.40/oz. Both have gradually eked out gains in Asia and early European trading. Full Story

By: Chintan Karnani, Insignia Consultants - 6 May, 2009

Profit taking and subsequent position squaring and rebuilding before the results of the US bank stress tests, the European central bank meeting, and the US April payroll number has resulted in gold, base metals and crude oil falling from the highs yesterday. Full Story

By: Chris Mullen, Gold-Seeker.com - 5 May, 2009

Gold traded modestly higher in Asia and fell slightly in London to see a 90 cent loss at $900.05 by about 6AM EST before it jumped higher in early New York trade to as high as $915.50 by about 8:45AM EST, but it then fell back off into the close and ended with a gain of just 0.28%. Silver followed a similar pattern and climbed to as high at $13.57 before it also fell back off into the close, but it still ended with a gain of 2.6%. Full Story

By: Thomas Hartmann - 5 May, 2009

The markets were focused on Ben Bernanke and the upcoming bank stress-test results today. Unfortunately for gold bulls, Bernanke struck a cautious optimistic tone with his words, noting that he does expect to see some growth this year. Full Story

By: Adrian Ash, BullionVault - 5 May, 2009

THE SPOT PRICE of physical gold leapt 1.4% for US investors early Tuesday, unwinding the final third of last week's losses as the US Dollar fell hard on the currency market. Full Story

By: Mark O’Byrne - 5 May, 2009

Markets will look for guidance from the “stress tests” but some are already skeptical of the value of the exercise and have criticized and dismissed them (such as Warren Buffett). Some see them as little more than another PR exercise that does little to tackle the substantial issue which is the likely insolvency of much of the US banking system. Full Story

By: Chintan Karnani, Insignia Consultants - 5 May, 2009

Silver looks more bullish than gold, but toddy’s close is very crucial for it. A close over $1330 will result in retest of 2009 high of $1457 this week itself. The sustained rise in global equities and the positive outlook on the global economy should result in greater investment interest in silver with passing of each week. Short term traders still need to approach silver with caution but long term investors need not worry. Full Story

By: Chris Mullen, Gold-Seeker.com - 4 May, 2009

Gold and silver traded modestly higher in Asia and London before they fell back to about unchanged at $888.18 and $12.462 in early New York trade, but both metals then exploded higher just after the US stock markets opened at 9:30AM EST and gold ended near its high of $906.90 with a gain of 1.58% while silver ended near its high of $13.14 with a gain of 4.48%. Full Story

By: Thomas Hartmann - 4 May, 2009

Gold traded up about $15 per ounce today. With the H1N1 Influenza A (aka swine flu) panic subsiding, pending home sales up 3.2%, the US dollar slightly lower, and commodity prices higher, gold bulls appear to have all their ducks lined up in a row and are pushing prices back up towards the trend-line. It did not hurt things either when Warren Buffet, over the weekend, mentioned that high inflation is in the making. Full Story

By: Chintan Karnani, Insignia Consultants - 4 May, 2009

The US dollar and equity markets will weigh on base metals and energies while gold and silver are in a neutral to bullish zone. The positive thing is that they are holding to their key medium term supports of $858 and $1226. As long as these supports hold on daily closing basis downside will be limited in them. Full Story




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