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- Precious Metals Update: Spring 2009
- Mark O'Byrne submits: Gold: Gold's correction has been quite sharp but given the extent of the rise since mid April (from $864/oz to over $980/oz or over 13% in just 6 weeks) it is not unexpected. A 50% retracement of sharp rallies is quite common and yesterday's...
- External links 2009-06-16
- Precious Metals Update
- Mark O'Byrne submits: Gold Gold was trading in the mid $930s in Tokyo overnight but buying in Europe this morning took it over the $940 level. With increasing concerns regarding the sustainability of the fabled "green shoots" and whether the recent recovery in equity markets can be...
- External links 2009-06-29
- Will Gold's Mini Rally Hold?
- Mark O'Byrne submits: Gold After falling by nearly $30/oz on Tuesday, to $926/oz, gold experienced a mini rally Wednesday, moving back to $938/oz in early trading. Whether this is a temporary bounce after a significant sell off remains to be seen. Better than expected US jobless figures,...
- External links 2009-07-31
- Gold and Silver Facing Resistance Levels
- Mark O'Byrne submits: Gold Gold, currently trading at $961.00/oz, has managed to stay above the $960.00/oz support mark and is finding it tough to break through the next resistance of $970.00/oz. If broken, it should test the further resistance of $980.00/oz very quickly. The ECB and the...
- External links 2009-08-06
- Gold and Silver Remain Static
- Mark O'Byrne submits: Gold Trading in gold has been fairly static this morning with the market looking for direction from the release of non-farm payroll data, due out today. A bullish note for the long term prospects of gold was chimed today on the news that the...
- External links 2009-08-07
- Precious Metals Update: Don't Count Out Gold
- Mark O'Byrne submits: Gold As the dollar regained some of its recent losses, gold has fallen off slightly and is currently trading at $953/oz. Although it may be vulnerable to a correction in the short term, this will merely serve as an excellent buying opportunity....
- External links 2009-08-10
- Gold Regains Ground
- Mark O'Byrne submits: Gold With the recent US non-farm payroll data being better than expected, the dollar experienced a bit of a rally. On the back of this, gold was hit by a bout of profit taking and dipped to $942/oz. It is now regaining some ground...
- External links 2009-08-11
- Gold Remains Rangebound
- Mark O'Byrne submits: Gold Gold has taken a hit since last Friday and is currently trading at $932.50/oz as it continues to take its lead from dollar movements and external issues. Overall, gold still remains within a frustrating range of $925/oz to $972/oz. Participants are viewing this...
- External links 2009-08-17
- Gold Stages a Good Comeback
- Mark O'Byrne submits: Gold Gold was under pressure for most of yesterday. However, the overly pessimistic view of the metal lifted in the late afternoon and it staged a good comeback, gaining $10/oz in under an hour. Two of the most respected investment powers in the US...
- External links 2009-08-20
- Precious Metals Update: Silver Looks to Gold for Direction
- Mark O'Byrne submits: Gold Gold is holding stable at $953/oz this morning smack bang in the middle of its recent range of $931-$971/oz. Commentators are pointing towards a similarity in trends to recent years and the possibility of breaking significantly higher in September. A breach of $967-971/oz...
- External links 2009-08-24
- Gold Sees Little Movement
- Mark O'Byrne submits: Gold: Gold trades at $943.30/oz with no significant moves over night. A disappointing durable goods number yesterday sent industrial stocks lower while US house prices posted their strongest results in three years. The Dow finished up neutral after a choppy day of trading. Overnight,...
- External links 2009-08-27
- Gold Looks to Close August with Monthly High
- Mark O'Byrne submits: Gold: Gold is currently trading at $954/oz after finishing higher last week which was important technically. Gold is looking to close the month of August with a monthly higher close (July 31st close $953.75/oz) but the shorts will as ever be attempting to paint...
- External links 2009-08-31
- Gold Holds Firm at Current Levels
- Mark O'Byrne submits: Gold Gold is holding firm this morning at $951.30/oz. China's massive stock market falls yesterday may have created safe haven demand for gold overnight. Tomorrow sees the release of Swiss GDP data, German unemployment figures and UK Purchasing Managers Index data, which are not...
- External links 2009-09-01
- Gold Remains a Great Buying Opportunity
- Mark O'Byrne submits: Gold: Despite a firmer dollar in yesterday's trading, gold maintained its robust showing of the last few days and finished the day slightly higher. It is trading at a resistance level of $955/oz today. With equity weakness still very much to the fore,...
- External links 2009-09-02
- $1000 Gold Looks Guaranteed
- Mark O'Byrne submits: Gold: After weeks of strong signals that gold was ready for a surge upwards, it finally broke through several levels of resistance yesterday. In a very short period of time, gold moved from $955/oz to $975/oz and has already climbed to $978.30/oz...
- External links 2009-09-03
- Short Squeeze Could Propel Silver Prices Higher
- Mark O'Byrne submits: Gold: With the Labor Day national holiday in the US today, it should be a quiet day for the precious metals. However, even though a firmer dollar and a bout of profit taking pulled gold back from $1000/oz last week, it only retreated as...
- External links 2009-09-07
- Can Gold Go Even Higher?
- Mark O'Byrne submits: Gold: Gold had a fairly quiet day yesterday, prompted by the Labour Day holiday in the US. This morning was a different story when gold, as expected, broke through the psychological $1000/oz level in late Asian trading. Initially, profit taking was seen at $1004/oz...
- External links 2009-09-08
- Gold Sees Continued Profit Taking
- Mark O'Byrne submits: Gold Gold saw further profit taking yesterday and fell to support at $982/oz. Thereafter it staged an impressive rally and briefly broke back through $1000/oz. Currently, it has fallen just below this level but is constantly testing that mark and appears to be consolidating...
- External links 2009-09-11
- Gold Falls on Dollar Rise, Profit Taking
- Mark O'Byrne submits: Gold: A bounce in the dollar has pulled gold back from its overnight high of $1009/oz. Gold's inability to sustain a robust move through the psychological $1000/oz barrier has seen a further period of profit taking. The next significant points in either direction for...
- External links 2009-09-14
- Gold Still Knocking on $1000 Door
- Mark O'Byrne submits: Gold: Gold is continuing to knock on the $1000/oz door without making a concerted effort either way to test resistance or support. Although there does not seem to be any particular pressure from profit taking, gold needs to push above $1,012/oz in the short...
- External links 2009-09-15
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