Archive | October, 2009

Reblog this post [with Zemanta]

Investors Rush to Gold

Today’s Gold Trade Settled $8.90 Higher… ($1057.50) Gold rallied today off continued U.S Dollar versus The Euro, a stronger Energy sector, and reports of demand from India’s Jewelers to fill demand for the upcoming Festival season. Despite HIGH prices the Traditional festival gift of choice is Gold. On the Geo-political front it has been reported […]

Continue Reading 0
october8note.png

The Highs Could Be In

Anticipation over this afternoon’s 30 year bond auction kept yields under pressure (and Treasuries elevated) for much of the trading session. However, the rug was pulled from underneath the market in post-auction trade. The Treasury issued $12 billion in 30 year bonds at a rate of 4.0009% with a 2.37 bid to cover and an […]

Continue Reading 0
Reblog this post [with Zemanta]

Gold to Dominate Currency

Gold Closes $21.90 Higher Today…. ($1039.70) Today’s Gold session traded all-time High’s. Once again a very weak U.S. Dollar and Inflationary expectations fueled a mammoth rally in the Gold today. It started with the Australian Central Bank raised rates more than expected.The Australian Dollar jumped to a 14 month high. Gold futures climbed to $1044.70 […]

Continue Reading 0
Reblog this post [with Zemanta]

Option Queen Letter

We certainly live in interesting times. We, here in the USA, are well known for closing the barn door after all the chickens have gone. We are watching our elected officials, who know little more than their names and how to raise money, attempt to regulate the financial industry. The elected officials focus, at the […]

Continue Reading 0

Gold Bug Bargain Hunters

Today’s Gold trade took us on a very wild ride. Gold Settles $3.60 Higher… ($1004.30)….. The day trading session opened almost $7.00 lower prior to the unemployment report.($995.50). Most traders felt the number was going to be bearish or worse than expected .U.S Employers CUT 263,000 JOBS in September…This definitely “BOOSTED FEARS” that this very […]

Continue Reading 0
decembergoldfutures.gif

Gold in Trading Range at Higher Price Levels

December Comex gold futures are presently trapped in a trading range at higher price levels, bound by strong overhead technical resistance at the September high of $1,025.80 and by solid technical support at $983.20. A close in December gold above the September high would provide the bulls with fresh upside near-term technical momentum to then […]

Continue Reading 0