Submitted by Gold Stock Prophet Blog
For this past week, the price of gold lost about $32.00 an ounce, and gold stocks, as measured by the XAU lost another 4% for the week. When gold goes through these normal corrections, I usually refer to the monthly charts, so that I do not lose sight of the […]

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Submitted by Gold Stock Prophet Blog
Gold dropped about $26.00 dollars an ounce this week, and gold stock fared even worse, with the XAU losing 6.6% for the week. In the previous post I wrote on Tuesday, I said that an explosive move was likely due. Hopefully, from what I have been writing recently, you were […]

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Submitted by Gold Stock Prophet Blog
The following chart shows a gold index called the Dow Jones United States Precious Metals index, (DJUSPM). The index has a different gold stocks composition than the HUI or XAU Indices, and, as such, can sometimes give you a different perspective.

The main point in the above chart is that this […]

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Submitted by Gold Stock Prophet Blog
Gold dropped about $12.00 this week, while gold stocks and silver fared slightly better. In this post, I am going to reexamine the charts that I posted two weeks ago, since I believe that post explains most of what happened this week.
The first chart we have is a daily candle […]

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Submitted by Gold Stock Prophet Blog
Gold and gold stocks were more or less unchanged for this past week. In the last two posts, I said that I was getting mixed messages from the charts I analyze, which seems to make sense now, as the bulls and bears are at about equal force.
I doubt, however, that […]

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Submitted by Gold Stock Prophet Blog
In this post, I thought I would discuss some neat new investment products that I have recently come across. The first one is a product you may have heard of. It is called the Uranium Participation Corp, and, according to their corporate website, the fund’s objective is to:
invest substantially all […]

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Submitted by Gold Stock Prophet Blog
Gold started the week with very little strength, but firmed up towards the end, closing down only about 2.5% for the week. I mentioned in the last post that I was getting mixed signals, and I was not confident of which direction gold would pursue.
Since it is not always possible […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Submitted by Gold Stock Prophet Blog
Two posts ago, I mentioned that the asset class that would likely perform well for the next several years would be physical resources. Not resource stocks, but physical resources, in your possession. This post will discuss how to go about doing that.
For the last 3 years, I have been […]

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Written by Michael Vass
Gold has hit $921 and the U.S. House of Representatives has passed a $146 billion stimulus package. The Fed is set to cut rates another .50 basis points, or so the world hopes, and financials are rising in the stock market.
So the run in gold and gold stocks is over? Not necessarily.
The […]

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Written by Michael Vass
So where does gold, and gold stocks, go in this new market of overnight rate cuts? Yesterday the American stock market was closed for the Dr. Martin Luther King holiday, but the rest of the world markets dropped like rocks. Europe was down almost 7% in each nation, China dropped 5.5% and […]

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