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Has gold lost its glitter?

The recent hard sell off in gold which started on 29th February when the price fell over $100 has been attributed to a number of things, including hedge funds taking profits as well as a strengthening US dollar. Since then the price of gold has...

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Gold Update

All my gold analysis is now on my personal blog :  post of 3rd May pre-empted huge fall in spot gold prices.  Next stop for gold price could be as low as $1400 to $1412 per ounce which is where 100 day moving average.  On...

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Gold Rate

The gold spot price ended yesterday’s gold trading session as a wide spread up candle which gave us a bullish engulfing signal as we reversed Wednesday’s losses to close back above the 9 day moving average once again and ending at $1343.55.  As such, yesterday’s...

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Spot Gold Prices – Daily Chart 24th March 2009

Spot gold prices continued to be hurt by profit taking as risk aversion waned following the Treasury Department’s unveiling of a program that may generate $1 trillion in financing, with the Dow Jones Industrial Average soaring nearly 500 points on the news. Plans to buy...

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Spot Gold Mid-Day Upate: 27th February 2009

A predictable reaction from the spot gold price when it was confirmed that the US economy shrank in the fourth quarter at an even faster pace than previously estimated.  GDP figures came in at -6.2% against an estimate of -5.4% – which was sufficient to...

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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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Gold Spot Price – 21st January 2009

Initially moving lower the gold spot price finished the day on a high note gaining over 20 dollars in a range of $43.13. So it was no surprise that the spot gold prices broke above all three moving averages in an ‘Outside Day’ pattern which...

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Daily Spot Gold Prices – January 13th 2009

Spot gold prices closed sharply lower yesterday breaking below the 40 day simple moving average as the US dollar strength, and a continuing weakness in crude oil, proved difficult to ignor by the market participants. Recently, gold has attracted buying interest following the clash between...

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