Gold Archive

Gold Trying To Recover From Its Dramatic Drop

Gold futures climbed Thursday in electronic trade, on track for a second consecutive advance, supported by strengthening physical demand for the precious metal and downbeat U.S. economic figures. Gold for June delivery GCM3 +1.44%   pushed higher by $21.90, or 1.5%, to $1,445.90 an ounce in Asian trading hours. The contract on

World Official Gold Holding – May 2011

Recent Updates On Gold: Some Technical Analysis

The recent pullback in gold has lined up the technicals for a good entry point to catch the rest of the move. Here is the video

Central Banks Favor Euro Over Dollar

Dollar Reaches Breaking Point as Banks Shift Reserves Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since

Job Losses Hit 25 Year High

The U.S. unemployment rate rose to a 25-year high of 8.1 percent in February as employers, buckling under the strain of a severe recession, axed 651,000 jobs, government data showed on Friday. Adding to the gloom, a combined 161,000 more jobs were lost in January and December than previously believed, the U.S.

Interesting Updates From The Market

Morgan Stanley, Goldman Search for Deposits Goldman Sachs, Morgan Stanley: Playing It Safer Blame Fannie Mae and Congress For the Credit Mess Fannie Mae to sell $2 billion bills Wednesday WaMu Deal Could Take Time Holiday sales set for worst gain in 6 years Gold Futures Extend Gains on Demand for Haven;

Why Charts Are Your Best Friend

Yesterday I loaded up KGC and RIO. Special thanks to dumb-ass Cramer for his predictions. KGC up 5.8% for the day. Surprizingly gold is down to 759$ level. RIO up 5.3% for the day. Lets see if it was a dead-cat bounce or time for some reversal. Both were over-sold and due

Cramer Predicts Commodities To Drop: Bullish Signal

Cramer predicted a worst-case scenario for these names: They could lose all the gains they’ve seen since April 2005. That means Vale [RIO 20.96] drops 68%; U.S. Steel [X 93.69] 50%; fertilizer stocks like Potash [POT 140.26], Mosaic [MOS 77.01] and Agrium [AGU 66.65] could fall 80% to 90%. But this is

Trading Discipline A Key To Success. Proof >> KGC

I sold my KGC shares at the open since I didnt get the jump I was looking for. Also I didnt want to hold anything over this weekend. KGC opened at $14.25 and I sold my 1000@ KGC at $14.29 bagging 400$ profit in 1 day. Turned out to be a pretty

Gold Stocks Getting Cheaper Again

I used the market panic to picks up gold miner Kinross Gold (KGC) again at 13.88$. With KGC entering oversold levels, it might be a good swing trade. Gold is hovering around 800 level and holds a key resistance level. 1 month chart shows KGC has dropped 21%. I might be bit