Archive for February, 2008

Gold Stocks,the Euro and a new ETF

Submitted by Gold Stock Prophet Blog
Commodities had another spectacular week, with gold reaching yet another all time nominal high, and silver exploding higher by 6.29% in Canadian dollar terms. Oil was also strong this week, increasing by about 3.5%.
The first chart that caught my eye this week was a weekly chart of the XAU. Prior [...]

Will gold hit $1125 and lift gold stocks in 2008?

Written by Michael Vass
Over the past 9 days the potential for a Democratic nominee to be identified in the U.S. Presidential race became clearer, crude oil has topped $100 a barrel, China has begun to recover from winter ice storms and started the Lunar Year of the Rat. Each of these items has helped to [...]

Platinum, Oil, and Chinese Stocks

Submitted by Gold Stock Prophet Blog
Last week, precious metals were more or less flat, which is a bit unusual considering how strongly the Euro rallied. In this post, I’ll show some charts that caught my eye this week.
Firstly, in the chart below, we have a chart of USO, the United States Oil fund ETF, beneath [...]

Warren Buffett and International Monetary Fund pressure Gold prices

Written by Michael Vass
Gold prices took a bit of a hit with news hitting the markets early on Tuesday’s trading day. Lifting the general markets is the news that Warren Buffett has offered to provide reinsurance coverage for municipal bonds. While this does nothing for non-municipal securities, nor the mortgage backed loans that have caused [...]

Can South Africa gold miners push futures prices over $1000?

Written by VASS
Mid-day February 11, 2008 gold futures prices have risen to $927. Gold continues to move forward, taking many of the gold stocks along with it. In fact speculation in the most precious yellow metal has grown dramatically on a global level. In China, Beijing Caishikou Department Store sold out of two tones of [...]

Technical Charts of the Forex and Gold Markets

Submitted by Gold Stock Prophet Blog
Last week began with gold getting hit quite hard by the bears, but ended with gold actually up by about 9 dollars. Gold held up surprisingly well considering the Euro basically collapsed at a key level of resistance last week.
Let’s have another look at the Euro Index to see what [...]

Gold in the Markets: Which is better charts or Fundamentals?

Written by Michael Vass
It’s amazing the various views and means by which so many try to predict where the gold markets will go and for how long. There is the fundamentals view, which I tend to agree with, charts, moving averages, economic indicators, lucky shoes, and so on. Each one has there own merit, and [...]

Charts of the Euro ETF, the USDX, and Gold

Submitted by Gold Stock Prophet Blog
For this week, gold reached new all time highs yet again. Gold seems to be getting a little frothy again, and a pull back may come next week. That being said, the trend is still clearly up, so I would not bet money against this market.
Gold could potentially run [...]

Price of Gold Up on Jobs Data

Gold edged higher this morning as non-farm payrolls fell by an estimated 17,000.
Traders are already turning their attention to the Federal Reserve decision at the March meeting. As one trader remarked, “Theres a lot of news to absorb between now and March. Let’s see the February numbers first.”
Gold for April delivery traded at $915 an [...]