Archive for February 23rd, 2010

February 23rd, 2010

Outlook for Gold this week

GLD ended last week around $109.50 and ended today just above $109 on light volume. Although the action the last two sessions have been slightly negative, the price action of gold definitely surprised a number of longs last week. Gold held up well to 2 huge and potentially negative news stories last week.

Posted in Hot off the press Tags: , , , , 1 Comment »
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  • Realtime Gold Discussion

    Last Message
    1 year
     ago
    • Guest_993 : time 4 Gold to unwind too much of a high
    • Guest_4822 : gold hits new high today!
    • admin : Gold futures up $20 on mideast tenstion
    • admin : Gold to break $1420 in the next 24 hours
    • Guest_3363 : is SK resources a public comapny?
    • Guest_3363 : gold hit a new high today!!
    • Guest_1042 : Have you heard of a company called SK Resources
    • Guest_67 : gtg.hjlh;lljnmlb lhlog;h
    • Guest_82 : both gdx and gdxj have held up well in a choppy market
    • Guest_1319 : wow, tough friday, goldman killed all gold bugs
    • admin : Gold ETFs continue to bounce back after testing 1080, could be the beginning of a run
    • admin : could see a breakout here
    • admin : Gold supporting 1100 very nicely
    • admin : GLD held $108....barely, could go either way next week
    • admin : gold getting close to testing support at $1100
    • admin : gold trading sideways today, consolidating before the next move up
    • admin : After 3 down sessions, GLD finally up today, We'll look for follow through tomorrow
    • admin : GLD ended flat today on lackluster volume, the good thing is that we were able to hold $109
    • admin : Fed raised overnight rates, putting more pressure on gold
    • admin : hopefully the IMF doesn't derail the rally we have been seeing
    • admin : we'll see what happens tomorrow
    • admin : IMF pressuring gold futures
    • Guest_1367 : futures still holding strong, Tuesday will be strong
    • Guest_1367 : gold futures looking good
    • wynharter@hotmail. : 118.17
    • admin : gold was down early but fought back towards breakeven. We'll have to see if anyone won the contest!
    • Guest_2567 : gold futures look good today, GLD could break 106 today
    • admin : Everyones awaiting the Thurs mtg that may give some support to gold
    • admin : Great showning today with GLD up about 1.5% today on news Greece debt issues may be helped
    • zippo : hopefully we can get above 1080 today!
    • admin : Gold was shaky for most of the trading day but regained its composure before close and was up slightly
    • admin : gold down 4.4% today on a flight to quality for the US Dollar, this probably won't last however as economic recovery in the US is still tepid at best
    • dvs : wtf? this is ridiculous
    • goldhurts : gold getting slammed with rest of market, whats the deal?
    • admin : great response to the contest so far, 1 more day to enter!
    + -

  • Stock Quotes

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    NEM45.58  chart+0.32  chart +0.71%
    AUY13.68  chart+0.18  chart +1.33%
    ABX37.12  chart-0.29  chart -0.78%
    GOLD76.45  chart-0.10  chart -0.13%
    EGI0.75  chart-0.04  chart -5.06%
    NXG0.00  chart+0.00  chartN/A
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    GFI12.22  chart+0.23  chart +1.92%
    GG34.79  chart+0.03  chart +0.09%
    KGC7.68  chart-0.05  chart -0.65%
    AEM36.19  chart+0.32  chart +0.89%
    IAG9.74  chart+0.01  chart +0.10%
    EGO10.92  chart+0.15  chart +1.39%
    HMY9.14  chart+0.14  chart +1.56%
    RGLD62.76  chart-0.64  chart -1.01%
    SA12.54  chart-0.49  chart -3.76%
    GRS0.00  chart+0.00  chartN/A
    GLD154.55  chart+1.75  chart +1.15%
    IAU15.51  chart+0.18  chart +1.17%
    DGL55.01  chart+0.60  chart +1.10%
    GDX41.62  chart+0.28  chart +0.68%
    GDXJ18.64  chart+0.05  chart +0.27%
    PSAU32.24  chart+0.29  chart +0.91%
    UGL79.81  chart+1.73  chart +2.22%
    2012-05-18 16:00

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