Gold Investing News reports gold prices may decline in the next couple of weeks and start climbing up again in the future.
Although gold is facing some headwinds, the overall financial environment remains bullish for gold.” In their recently published Metals Matters, ScotiaMocatta has noted that IMF gold sales are now all but inevitable, as a [...]
Gold Investing News reports gold rallying under pressure from the stock market.
On Thursday, the metal broke below its 100-day moving average at $885, and sell stops were triggered. “The close below $885 could indicate more pressure to come over the next couple of sessions, with $869 the next support level. It’s seeing some technical selling,” said [...]
Nickel Investing News reports nickel price spurs with G20 leaders’ support for the global economy.
LME base metals posted gains across the board, with nickel leading the way, up 12.7 per cent. The impetus was a direct reflection of sentiment, but lacked a change in underlying supply-demand fundamentals. The sentiment adjustment also induced a short-covering rally, [...]
Palladium Investing News reports spot market for palladium remained unchanged on NYMEX after the markets rallied.
Palladium is currently trading for a bid/ask price of $197.00/205.00: this is unchanged from October 13.08, when the Dow Jones climbed 936 points.
The Dow Jones ceased its dizzying climb today as investors stepped back: Ed Yardeni, who performs investment strategy analysis for [...]
Friday, July 10, 2009
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