The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub’s daily “Trade Triangle” technology. As we have mentioned before, we felt that gold was in…
Tag: gold market
Gold & Silver Bounce vs. Falling Dollar as China’s Monetary Tightening “Runs to Stand Still”
By: Adrian Ash, BullionVault London Gold Market Report THE PRICE OF GOLD regained a third of yesterday’s 2.5% plunge in London dealing on Wednesday, bouncing as the US Dollar eased back and…
Oil Price Pulls Back as EZ Economic Sentiment Weakened
Crude oil pulls back in European session in tandem with drops in stock markets. Slightly worse-than-expected consumer sentiment in the Eurozone drove investors away from higher-yield assets. Currently trading at 77.6, the…
Oil Price Rises Above 80 on Better Macro Outlook but Fundamentals will Play a Key Role in 2010
WTI crude oil extends the 8th day of rally above 80 on speculations for growth in energy demand as US weather remains below-normal. The February contract surged to as high as 81.16,…
What’s REALLY Behind the Record Rise, Bull or Bubble?
By Nico Isaac When prices in a financial market go from Sea Level to Outer Space in a relatively brief time, two scenarios are at work — and they both start with…
Buy Gold As the Dollar Burns
“You cannot keep out of trouble by spending more than you earn.” — President Abraham Lincoln A few days ago, Dubai World — maker of all things frivolous — announced that it…
Gold and Oil Fall Sharply as Dubai Debt Fear Drives Investors Out of Risks
Commodities drop sharply around the world as markets sentiments are deeply pressured by risk of contagion effect from Dubai debt payment delay request which could trigger second wave in the credit crisis….
Sri Lanka as the Third Central Bank to Buy from IMF This Month, Gold Shines
Comex Gold advanced to as high as 1195 in Asian session after Sri Lanka purchased 10 metric tons of the IMF’s planned gold sales. According to the press release from the central…
Gold to Rally to 1200 as India May Buy More from IMF
Gold extends strength after consolidation after news said that Indian central bank may buy more gold. The December contract for the yellow metal rallies to 1180 and looks to march to 1200….
Gold’s Friends Now Outflank Its Foes
By: Rick Ackerman, Rick’s Picks In the Rick’s Picks chat room, where the focus is sometimes obsessively on gold, the meaning of “long-term” can range anywhere from 90 minutes to about three…