Although 2009 was a slow year for investors looking for gold, an upward trend is expected this year. Experts recently warned that taking the marginal drop in physical holdings of the precious metal as signs of the end of an investment ‘love affair’ with gold, would be a wrong conclusion. Given the huge amount of [...]
Feb
11
2010
11
2010
Jan
20
2010
20
2010
Are you prepared for these possible gold scenarios?
If gold can hold around the 20-week average through this cyclic low, it will be getting a higher low than December and be similar to pullbacks found in gold’s strongest bull markets. New highs are expected soon after penetrating the resistance line from December 3rd.
But if prices continue to fall then the pattern will have [...]
Jun
26
2009
26
2009
June 26th Weekly Recap
Gold closed up this week $23 to $939 but actually during inter-day trading was above the $940 mark. The paper markets are retreating and talk on the street says we are going to have much more of this. It looks like the recovery is not happening at the level that most analysts predicted earlier. Now [...]
Jun
19
2009
19
2009
June 19th Weekly Recap
The market this week in gold didn’t have much movement. Although there was over a $10 swing in the market it closed up only $2.00 for the week. There is conflicting news about the dollar. Central banks are concerned about it and are talking about in the future changing towards a more universal currency but [...]