Gold Articles
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631. Fundamental analysis for precious metals gold - 5/12/2008
The shiny metal has formed a new ascending channel,and with the head and shoulder pattern it made on the daily chart, gold is expected to keep climbing over the short term.However some dips are expected to happen to touch the bottom of the channel to gather some momentum. The trading range is among ...
12 May 2008
632. Valero Energy Falls as Goldman Removes "Conviction Buy" Label
Valero Energy Corp., the biggest U.S. refiner, fell on Friday after Goldman Sachs analysts took the company of their "conviction buy list."
09 May 2008
633. Start Spreading the News...
Gold prices went on a vertiginous roller-coaster ride on Friday, rising at the start of the session, dropping in a mid-morning free-fall, and then recovering in the early afternoon. The large drop, to $869, was seen despite a dollar that
09 May 2008
634. Closing Glance: Gold-mining stocks close mixed
Shares of gold companies closed mixed Friday as the price of the precious metal increased but the broader market slid. Gold for August delivery rose $3.60 to $885.70 an ounce on the New York Mercantile Exchange.
09 May 2008
635. PRECIOUS METALS: Gold Seals 3 Pct Weekly Gain, Other Metals Mixed
Gold futures gained on Friday to close at their highest level since late April and sealed a weekly gain after crude oil surged to a record price above $126 a barrel and weakness in the U.S. dollar.
09 May 2008
636. Mr. Rogers' Neighborhood
Gold prices picked up a few additional dollars of value overnight as the crude oil market spiraled out of control reaching as high as $125.50 per barrel. The bullion price drew closer to $890 as this year's fairly lackluster Indian festival
09 May 2008
637. Opening Glance: Gold miners open lower in early trading
Shares of gold companies opened lower Friday, even as the price of the precious metal increased but the broader market fell. Gold traded in London at $887.25 per troy ounce, up from $883.70 late Thursday. The Standard & Poor's 500 index fell 9.90 points, or 0.71 percent, to 1,387.78.
09 May 2008
638. Gold Investments Market Update
A firm note tracked the Gold price overnight and it is currently $888.90. Closing above $880 adds to that positive tone and the next resistance level stands at $897. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.906 and €573.604 (from $872.25, £445.48 and €568.61 yesterday).
09 May 2008
639. Mining Company Risk
In last week's column we discussed some risks associated with the junior mining sector. In this week’s article it is important to recognize what has just been reported about mining operations in Venezuela, an article posted on
09 May 2008
640. Naoki Murakami, senior economist at Goldman Sachs
Thomson Financial News - "A serious downtrend of residential investment took a breather, but fallout from the revived construction law continues to drag on the economy, given rises in inventories of construction goods and emerging labour adjustments in the related sectors."
09 May 2008
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