Gold Prices News – 18th February 2009

Spot gold prices are now taking on asset bubble status.   Rule of thumb is when media starts to run stories about billionaires stashing away their Kruggerands in their Swiss chalets because of fears that the world’s monetary system is about to descend into a Zimbabwe...

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Spot Gold Prices – 18th February 2009

As safe haven buying continued yesterday spot gold prices rallied sharply touching its highest point since July 2008 at $974.22/oz level, with a wide spread up bar on the day, so I hope you followed my advice of yesterday and made money on the trade....

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Spot Gold Prices – 17th February 2009

As expected we saw a quiet session in spot gold prices yesterday due to the Presidents Day holiday in the US with the yellow metal gaining just over 2 dollars in a very thin market. Lately gold has been supported by a tidal wave of...

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Spot Gold Prices – February 16th 2009

Spot gold closed lower on Friday as investors took profits off the table ahead of the long weekend in the US with the markets closed on Monday in the US for Presidents Day. The move came a day after gold prices reached their highest level...

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Spot Gold Price – February 13th 2009

Despite talks of deflation for the rest of economy, spot gold moved up again yesterday as market participants increasingly looked for a safe haven amid a bleak economic outlook, and  as I suggested in yesterday’s post, so I hope you followed the advice. However, I...

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Spot Gold – Daily Chart 12th February 2009

Spot gold prices continued their upward trend ( as did spot silver) peaking at $947.42/oz yesterday, the highest level since July 23rd after a technical breakout above key resistance at $930, with a wide spread up bar on the day. This was a follow through...

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Spot Gold Prices – February 11th 2009

Spot gold closed sharply higher yesterday crossing above the 9 and 14 day moving averages and gaining in excess of $20.00 for the day. The driver behind it was a significant sell off in the Dow following the lack of details in Treasury Secretary’s comments...

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Spot Gold Prices – 10th February 2009

As I suggested in yesterday’s post, we saw a fall in spot gold prices yesterday following the bearish engulfing signal of 6 days ago, followed by the shooting star and doji candles, indicating a short term weakness in the move and a reversal from the...

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Spot Gold Price Today – 9th February 2009

Spot gold prices closed slightly higher on Friday with a doji cross, following the shooting star candle of Thursday, all of which is adding weight to the bearish engulfing candle of Tuesday which I highlighted last week. With prices now touching and starting to cross...

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Spot Gold Price – February 6th 2009

We saw spot gold prices moving higher yesterday but later in the session, as stock markets rose, gold gave back some of the early gains closing $4.07 up for the day. The move resulted from a combination of safe heaven buying and as a hedge...

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