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By Jon Nadler |
January 11, 2013
The final session of the week saw gold dipping sharply as a mild revival in the US dollar’s strength prompted speculators to lock in short-term profits and sel. Friday morning’s low was touched at $1,655 after the yellow metal lost nearly $20 an ounce and fell below its 200-DMA once...
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By Jon Nadler |
October 4, 2012
Gold moved $10 higher ahead of the ECB rate announcement and it once again neared the Monday high. Silver added $30 cents and traded just above the $35 level. Market participants continue to target the $1,800 and $35.50 closing levels in the gold/silver duo.
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By Jon Nadler |
August 10, 2012
This week’s final trading session opened with the precious metals turning lower across the boards. Gold slipped to within $3 of the $1,600 mark once again overnight and it traded with a loss of $10 per ounce at $1607 in New York at last check.
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By Jon Nadler |
July 25, 2012
Wednesday morning trading action lifted the precious metals a tad higher as speculators figured that the latest batch of economic data from the US, China, Germany, and the UK would convince central banks involved to take stimulative monetary action.
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By Mark O'Byrne |
July 16, 2012
Sharp losses in the gold mining sector Friday and last week could presage further weakness today but the higher weekly closes for gold and silver were constructive from a technical perspective. After initial gains in Asia, gold fell in Asian trading.
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By Mark O'Byrne |
July 12, 2012
The period of seasonal strength for gold bullion has arrived. The optimal time to invest in gold bullion from a seasonal perspective is today, July 12. The summer months normally see seasonal weakness and it is thus a good time to buy on the seasonal dip.
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By Mark O'Byrne |
July 11, 2012
The “Liebor” scandal is the latest scandal to befall Wall Street and City of London banks and official regulators and central banks. It is creating further mistrust of our already wounded financial and monetary system.
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By Jon Nadler |
July 11, 2012
The midweek precious metals trading session started with a bit of a recovery effort following Tuesday’s price rout. Market participants pushed the US dollar a tad lower on the index and lifted gold prices by about half a percent.
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By Jon Nadler |
July 6, 2012
Spot gold fell to lows near $1,587 and then opened at $1,596, down $7 while silver touched $27.25 per ounce overnight but opened at $27.52. Once again, the US dollar added a few small steps to yesterday’s upward march and reached 82.85 on the index.
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By Mark O'Byrne |
July 2, 2012
Gold ticked lower in Asia prior to a brief bounce in Europe prior to further losses which have seen gold fall to 1,590.40 USD/oz. Gold is marginally lower in pounds and marginally higher in euros and Swiss francs.