By: Chris Mullen, Gold-Seeker.com - 5 October, 2007
Gold traded mostly slightly lower in Asia and London and then dropped nearly $10 in New York to as low as $727.50 after better than expected jobs data initially pushed the dollar higher, but the dollar soon fell back off and gold roared back up to as high as $743.60 before it eased about $2 into the close and ended with a gain of 0.57%. Silver followed a similar pattern and fell to as low as $13.227 before it shot up to $13.483 and then also moderated a bit into the close, but it still ended with a gain of 0.15%. Full Story
Gold has confounded the gold bears in recent years and is continuing to do so. Yesterday's action in gold was bullish as gold rallied on the poor economic data despite the dollar strengthening also. From the low of the day in early New York it rallied $17 in a few hours of New York trading on heavy volume (154,675 lots). Full Story
SPOT GOLD PRICES held inside their narrowest range for three weeks early Friday, recording an AM Fix in London more than $10 per ounce above Thursday afternoon's level. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 October, 2007
Gold dropped to as low as $721.57 by a little after 9AM EST in New York after having traded mostly slightly lower in Asia and London, but it then jumped about $10 higher between 10AM and 10:30, added to its advance even more in afternoon trade, and ended not far from its high of $738.50 with a gain of 1.06%. Silver traded at as low as $13.10 before it also jumped higher after 10AM and rose to as high as $13.41 by 11AM. It then remained near its high into the close and ended with a gain of 0.23%. Full Story
Gold was flat yesterday and was up 20 cent from $729.70 to $729.90. It traded slightly down in the New York Access market and has traded sideways in Asian and early European trading. At 1200 GMT gold was trading at $727.40 Full Story
So, the Street supposedly believes the worst of the credit crunch might be over. We’d say that’s a tad optimistic, considering the real estate sector is still weakening and likely to deteriorate even further because of the huge backlog of unsold homes. Regardless, DaBoyz evidently are going to need a story with more sizzle to re-ignite the short-squeeze that has provided nearly every dime of buying power since stocks bottomed in mid-August. Full Story
Profit taking ahead of the European central bank meeting and bank of England meeting and tomorrow’s September payrolls number has resulted in gold and silver falling and the US dollar gaining. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 October, 2007
Gold rose to find over $5 gains at $736.10 in Asia before it fell back off a bit in London and dropped even further in New York to see slight losses at as low as $726.10 by just after noon EST, but it then rallied back higher in the last hour of trade and ended with a small gain. Silver rose to as high as $13.462 in early New York trade before it dropped to as low as $13.20 by a little after noontime, but it also rallied back higher into the close and ended with a small gain. Full Story
Gold took a well earned and well signposted breather yesterday after its recent large rally. Gold was down 2.4% from $747.40 to $729.70. It recovered towards the end of trading and rose in the New York Access Market and in early trading in Asia. Full Story
Gains in the US dollar and losses in gold and silver is just profit taking ahead of European Central bank (ECB) and bank of England meeting. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 October, 2007
Gold steadily fell in Asia and London and plunged even further in New York to as low as $724.47 by about 10:45AM EST, but it then rebounded in the last few hours of trade and ended about $5 off it low with a loss of 2.37%. Silver fell to as low as $13.05 before it rebounded about 2% off that low in the last few hours of trade, but it still ended with a loss of 2.78%. Full Story
SPOT GOLD PRICES sank in Asian and early London trade on Tuesday, dropping 2.1% from the overnight close in New York – when the Dow Jones index of US equities recorded a new all-time high – to bounce off $732 per ounce and deliver gold's sharpest losses since Aug. 16th. Full Story
Gold made a new 28 year high close on the COMEX in New York yesterday. It closed at $746.90 and has sold off in Asian and early European trading. The dollar has rallied and oil sold off which may be leading to profit taking in gold. Gold was due a breather after the large run up in recent weeks and profit taking and consolidation is to be expected. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 October, 2007
Gold traded mostly slightly higher in Asia and London before it fell in early New York trade and dropped to as low as $741.35 by midmorning, but it then spiked back higher around 11AM EST, remained near its high of $747.75 in afternoon trade, and closed with a gain of 0.51% at a new 27 year high. Silver rose to as high as $13.84 in London before it also fell back off in late London/early New York trade and dropped to as low as $13.61, but it then rebounded higher for the rest of trade and closed with a loss of just 0.22%. Full Story
SPOT GOLD PRICES ticked higher in Europe on Monday morning, adding to Sept.'s 10% gain to record an AM Fix in London of $745.25 per ounce, before slipping as the New York open drew near to dip below $744. Full Story
Gold made a new 28 year high close on the COMEX in New York Friday and again this morning. It closed at $743.10 on Friday and was up to $746.80 in early trading in Europe. Full Story
The pace of slide of the US dollar is a cause of concern. At the current pace euro/usd can reach to 1.50 in 2007. Most of the technical indicators suggest that a trend reversal can happen anytime. Full Story
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