CPM Smells a Bargain

Selling pressure resumed in precious metals after Monday's NY close. Gold gave up its conquest of the $800 spot level and fell as low as $782.40 in overnight dealings before stabilizing near $790 early today. The dollar ignored negative financial news on Fannie and Freddie and continued to hove... Aug 19, 2008 10:02AM

Mumbai to Buy? Sure. At a Price not High.

Bullion prices worked their way somewhat higher (within a channel of from $790 to $805) overnight as a pause in the dollar's rally and hurricane fears-driven crude values gave buyers a bit more motivation than they had prior to the weekend. Indian demand was quite robust as the recent massive s... Aug 18, 2008 4:15PM

No Country for Old Strategies

The only logical way to describe the gold market's story over the past two weeks is to refer to plain numbers. Superlatives have become scarce over the last few hours. At the start of last Friday's session, gold was $100 higher than the lows it hit in the early morning hours today. Aug 15, 2008 2:35PM