Gold Settles 20 Cents Lower Today – 08/26/2009 »
Gold Settles 20 Cents Lower Today…
Today’s Gold trade was confined to a very
uneventful $7.50 range. Once again the Gold market
could not sustain its mid session gains due to a stronger
U.S Dollar, better than expected home sales, and a sell off
in the Energy sector just to name a few.
Moscow (DOW JONES) reported” Russia’s January-July GOLD
output up [...]
GOLD REBOUNDS OFF OF WEAKER DOLLAR – 08/25/2009 »
Today’s Gold session struggled to remain positive after
yet another over night surge. December Gold traded in a
$8.30 range with a High of $954.00 early in the trading session
before settling at $946.00. ($2.30 higher on the day).
This market has been virtually range bound the entire summer
and unable to sustain gains due to very strong resistance between
the [...]
GOLD CLOSES $11.00 LOWER TODAY – 08/24/2009 »
The day session Gold market stayed range bound despite
avalanche sell off during the last 30 minutes of the trading session.
For the most part it was a very tight trade early with Gold slightly
lower off a stronger U.S Dollar. It appeared early the Gold market
may add to its $13.00 rally from Friday but once again this [...]
Gold Closed $13.00 Higher Today – 08/21/2009 »
Thanks to a Hugr over night rally in anticipation of
Federal Reserve Chairman Ben Bernanke’s speech would
provide economic optimism. That was indeed the case as
Mr. Bernanke was quoted as saying “Prospects for a return
to global economic growth looked good…in the near term”.
Wall Street and the Precious metals held on to most of their
advances based on the [...]
The Gold Settled $3.10 Lower Today – 08/20/09 »
The Gold Futures Market settled $3.10 lower today completing a very quiet trade session.
The Gold gave way to a stronger U.S Dollar as it crept higher against the EURO.
Also the Global recession has lowered demand for jewelry.
This is what as known as Supply and Demand.
With the upcomimg Wedding season in India (September-November)
on the horizon the [...]
Over Night Slide – 08/17/09 »
Gold Slides $12.90 Today…
Gold and other precious metals traded lower based off
a 6% decline in China’s Equity markets. The slide in China’s markets
helped to rally the U.S Dollar against its rivals decline.
However despite the tumble in the Gold futures over night
The day session market traded in a stable $4.00 range and the
Bull /Call [...]
Gold Trades $7.80 Lower Today – 08/14/09 »
GOLD TRADES $7.80 LOWER TODAY…
Today’s Gold session was unable to sustain the $960.00 level despite
poor economic numbers in the housing sector yesterday. Despite record foreclosures
the U.S Dollar showed some resiliency and chased the Gold BULLS to scramble
to take profits and in the process touched off stop/loss orders and taking out key support levels.
Open [...]
