Daily Commentary
Blog URL http://www.goldline.com/market-news/gold-commentary.html
Located Santa Monica, California USA
Tags Gold, Precious Metals, Precious Metals Market, Current Events, Economy
Goldline International provides a unique gold commentary each business day with insight on the precious metals market, the overall economy, and current events.
Latest Blog Posts
- Gold Steady - Dollar Higher on Nov 20, 2009
Gold was lower before the open, but came back to unchanged shortly thereafter and silver is down $.15. The dollar is soaring again, up 47 basis points at 75.76. Gold is holding in spite of the rally in the dollar and that is indicativ...
- Bull Run Only Beginning For Gold on Nov 19, 2009
The dollar is stronger this morning, up 18 basis points and all other markets are in negative territory. The Dow is down 137 points, oil is down $1.47, but gold and silver are pretty steady holding in there with gold at $1,135.60 and silver...
- Gold Reaches $1,150 Target on Nov 18, 2009
Gold is being carried upward on its own momentum. Traders and investors are buying gold simply because it is rising and performing better than any other market. This morning gold reached a high of $1,153.40 an ounce on the key contra...
- Barclay's Capital Taps Gold To Rise To $1,500 on Nov 17, 2009
The dollar is up 48 basis points this morning at 75.31 as President Obama is talking with the Chinese about allowing their currency to float, thereby strengthening the yuan against the dollar. There is some profit taking this morning, howev...
- Gold Soars To New Record High - Silver Jumps $.90 on Nov 16, 2009
Gold set another new all time record high overnight at $1,137. It is making this huge move to the upside in spite of the fact that the dollar is only down 20 basis points at 75.01. Oil is also benefiting, up $.94 at $77.29 a barrel.&n...
- Analysts See $1,200 Gold By Year-End on Nov 13, 2009
Gold is down about $1 in early trading, while platinum and palladium are up. Silver is down $.18 in quiet dealings. Oil is also down $.85 and the equity market is slightly higher. Dow Jones Wire Service said gold traders are simp...
- Gold Hits New Record High - $1,123.40 An Ounce on Nov 12, 2009
Gold reached a new all time record high overnight at $1,123.40 an ounce. It subsequently pulled back as the Wall Street Journal reported that several central banks purchased dollars in an effort to provide some support to the greenback. ...
