Posts Tagged ‘ETF’
Gold and Oil News - April 25, 2013 19:53
Gold Routs the Shorts, Next Stop $1500
I said yesterday that futures expiration was holding Silver back from breaking above $24. That turned out to be the exact right call. Gold was held in check below $1450 as well, $1435 in fact — the 200 week MA. That level has fallen and the market is currently trading in run-away fashion heading towards […]
Gold Rally Reaches its Record
Gold futures contract reached their record again on Wednesday as investors turned their focus toward safe haven status of gold in reaction to sluggish global economy. Â Moreover, the decision of US Federal Reserve to keep interest rate at its lowest also boosted gold prices. Precious metals analysts, Jim Steel from HSBC in New York commented, […]
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