Archive for March, 2008

Gold Update

Submitted by Gold Stock Prophet Blog
Gold was able to reverse last week’s downward momentum, and closed up about $16.00 for the week. Silver also retraced some of last week’s severe pull back, gaining more than 6%. So, is the correction over, with new highs on the way, or is this round one of the correction?
Let’s [...]

Gold and Silver Damage Assessment

Submitted by Gold Stock Prophet Blog
For this past week, gold dropped $79.50, and silver lost an astonishing 18.42%. This post will attempt to analyze the extent of the damage, and try to determine what to expect next.
The first chart that I would like to log is a daily chart of GLD:

What you will observe in [...]

A Critical Look at Gold and Silver

Submitted by Gold Stock Prophet Blog
For this past week, gold rose by about $25.00 an ounce, closing on Friday at $999.50 after making a brief foray into quadruple digits. Silver, on the hand, failed to reach a new high, but was still up 42 cents for the week.
Let’s get right into the charts by looking [...]

Bear Stearns implications across the markets

Written by Michael Vass
If there was anyone who was not worried about the economy before, there is no way they can be confident now. Bear Stearns was just taken over for an acquisition price of $2 a share by JPMorgan. The trouble this implies is only going to be more extreme.
Obviously the first thought is [...]

More Charts

Submitted by Gold Stock Prophet Blog

More Charts
Last week saw Crude Oil and the Euro hitting new all time highs, and the US Dollar Index hitting a new all time low. At the same time, gold was flat for the week, closing on Friday at the same point it opened at on Monday.
The first chart that [...]

Major Breakouts and Breakdown

Submitted by Gold Stock Prophet Blog
This past week was another satisfying one for commodity bulls and US Dollar bears. Gold rose another $27.00 an ounce to reach yet another all time high, silver experienced a blistering rally this week of 10.42%, and even the price of nickel was up about 14% between the span of [...]