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By Jon Nadler |
May 23, 2012
Another day of substantial selling in the precious metals complex brought gold prices right back to the $1,550 value zone, raising legitimate questions about whether the numerous calls of a bottom occurring last week were perhaps premature.
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By Frank Holmes |
May 23, 2012
Investors have “defriended” gold recently in favor of the dollar, as Greek and French voters rejected austerity measures. I often say, money goes where it is best treated, and these deposits will need to find a safe haven.
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By Adrian Ash |
May 22, 2012
Wholesale prices to buy gold fell further from $1,600 an ounce in London on Tuesday morning, finding a floor at $1575 as European stock markets rose for the second day running after falling for two weeks in succession.
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By Adam Hamilton |
May 21, 2012
The hard truth is gold stocks have been sold wildly disproportionately to gold’s own weakness merely because investors and speculators succumbed to their own unjustified fears. Capitulations are always irrational, emotional events.
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By Mark O'Byrne |
May 17, 2012
Gold climbed during volatile trading in Asia having recovered from the NY close yesterday. In European trading the yellow metal is hovering near the $1,548/oz level. Technically, gold’s trend remains down but gold looks increasingly oversold.
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By Jon Nadler |
May 16, 2012
The uber-critical $1,527 line of gold’s price defense came into play overnight as we had recently pondered here, and this time around, despite all the denials of the fact and protestations to the contrary, the gold market entered the cave of the bear
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By Jon Nadler |
May 14, 2012
After suffering a roughly 4% loss last week, gold prices headed even lower overnight and this morning as further erosion in crude oil and the euro and further advances in the US dollar made life more difficult for the few remaining bulls in the market.
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By Jon Nadler |
May 11, 2012
In technical terms, there is little in the way of chart support for gold until the $1,527 level is touched and such an excursion could take place in short order.
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By Frank Holmes |
May 11, 2012
There was a strong reaction to the elevated debt crisis in Europe, with commodities and equities being indiscriminately sold. Gold fell 3% this week, losing its safe haven status as the dollar grew stronger and the 10-year government note headed lower.
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By Jon Nadler |
May 9, 2012
The midweek trading session in New York opened to and continued to witness additional long liquidation among holders of gold, silver, platinum, and palladium positions.
