27 February 2013Yesterday Asian trading hours, we witnessed a volatile trading session on gold. Gold managed to break the psychological resistance level at $ 1600.00 but met strong selling as it retraced lower to find support at $ 1587.00 before putting a...
27 February 2013The U.S. Comex gold futures surged 1.82 percent to $1,615.50 on Tuesday and saw the biggest one-day percentage gain since 6 November, 2012. The gold futures fell 3.60 percent this year.
26 February 2013Gold and silver break higher during Asian trading times due to strong buying interest. Bargain hunters went in for some dip buying and took advantage of the current prices.
25 February 2013In our previous Gold & Silver commentary titled “Technically Deflated”, we mentioned how the metals are facing an identity crisis and raised several question about its long and short term standing. This time, we would like to quickly...
22 February 2013The U.S. Comex gold futures stabilized on Thursday and rose 0.27 percent to around $1,583 upon Asia’s Friday open.
22 February 2013Post FOMC meeting minute, gold tumbled to as long as $ 1554 as the selling continued throughout the new Asian trading hours. Despite a pick-up in physical demand, COMEX paper gold is heavily shorted with an increase in Open Interest...
21 February 2013Gold is facing an identity crisis that could prove detrimental in the long run development of its 12 year rally. The general mood remains bearish as any rallies are sold and the large speculators increased their short position.
20 February 2013After a strong bull run in the last 12 years, it is not surprising to see gold in its current consolidation phase. It reached an all-time high of $ 1921 before retracing back and tested support at the low of $ 1525. The last few attempts...
20 February 2013The U.S. Comex gold futures tumbled 3.44 percent last week and fell a further 0.33 percent on Tuesday. Monday was a holiday in the U.S. Upon Wednesday open in Asia, the gold futures rebounded 0.2 percent after four consecutive days of...
19 February 2013It is difficult to see any positive related news about gold outlook in the next few weeks or months ahead. 9 out of 10 articles pointed to a bleak picture on gold development, as if all hopes of a revival are gone.
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