Tag Archives | Gold Futures

Gold and Silver prices

Silver Predicted to Outperform Gold

March 18, 2009 – New York , NY – The Hennessee Group LLC, an adviser to hedge fund investors, believes silver is currently underpriced relative to gold and is therefore advising clients to accumulate positions in the precious metal. Charles Gradante, Co-Founder of the Hennessee Group, stated “While we see both gold and silver as […]

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Bear Market Rally

Yesterday’s Stock market rally arrived right on schedule. Actually it was the most anticipated “bear market rally” in the history of the stock market. This of course leads one to be suspect on whether this rally has any staying power. the main thing to watch is the volume. As it begins to decline so will […]

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Gold Bulls Flex Their Muscles

February gold futures on Wednesday morning hit a fresh two-month high of $871.30 an ounce. The recent sharp depreciation of the value of the U.S. dollar versus the other major currencies has been a bullish catalyst for the precious yellow metal. February gold is presently in a two-month-old uptrend from the October contract low of […]

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Gold Futures

Gold Trapped in Choppy Trading Range

December gold futures have been trading in a choppy and sideways trading range at lower price levels for the past month. This trading range is defined by solid technical resistance at the $780.00 area and by strong technical support at the October low of $681.00. The direction in which gold prices break out of this […]

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Gold Futures

December Comex Gold Futures

Gold Bears Now Eye Longer-Term Support at $640.00 December Comex gold futures on Thursday morning hit a fresh 14-month low of $695.20. Serious near-term technical damage has been inflicted in the precious yellow metal recently, as price action in just over two weeks’ time has seen prices fall below major psychological support levels of $900.00, […]

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Gold Standard

With turbulence striking the global markets investors are scrambling to find safer arena’s to invest their monies. The credit crisis both home and abroad is claiming both long time Financial Institutions as well as the average home owner. Many Investors felt that the recent $40.00+ drop in Crude Oil was the “Light at the end […]

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Gold Still in Solid Price Uptrend

December gold futures last Friday hit a fresh 17-month high of $776.90 an ounce. Trading has recently become a bit more volatile at higher price levels, but the steep uptrend line on the daily bar chart remains intact and the bulls still have the solid near-term technical advantage. The gold market bears would gain a […]

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Gold Backs Off; No Chart Damage…Yet

December gold futures on Tuesday saw a steep sell off on profit-taking pressure from recent strong gains and on a solid rebound in the value of the U.S. dollar versus the other major currencies. A steep uptrend line on the daily chart for December gold was penetrated on the downside and negated Tuesday, but no […]

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Gold Futures

Gold Trade Recommendation

Gold has seen a very impressive rally since breaking out above 700. While in the longer term we expect this trend to continue, in the very near term we have a number of factors that lead us to believe a pullback is about to begin. We see a very strong seasonal tendency for gold to […]

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Gold Bounces Back….

The Gold futures market has taken advantage of the weakness of the U.S. Dollar this past week. Nearby Gold futures have has rallied over $30.00 per ounce since June 26th. In my opinion, there are several reasons for this: FOMC Chairman Ben Bernanke’s acknowledgement of a very weak housing market sector, the threat of inflation, […]

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