Gold Core

GoldCore Update: Tudor Jones Joins Soros, Rogers, Einhorn and Paulson as Long Term Gold Bull

Published by Frank Wall under Market Updates | Precious Metals Update |

Gold
Gold is trading at $1.043/oz and traded in a $22 range over the last 24 hours, hitting a low of $1,026/oz yesterday morning.

Gold then rallied strongly and closed at $1,046.40/oz and has maintained yesterday’s gains in Asian and European trading. Some of the short term frothy excess has been removed from the market and the selloff has seen physical buyers in India return to buying for the wedding season.

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GoldCore Update: Record Amount of US Debt Ever Sold in One Week ($153B)

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold
Gold closed trading at $1,037.20/oz. In euro and GBP terms gold is trading at €700/oz and £634/oz. Gold’s short term frothiness after sharp gains has led to profit taking and an expected correction back down to previous resistance at the $1,030/oz level.

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GoldCore Update: Enter the Dragon - Chinese Citizens Significantly Increasing Gold and Silver Ownership

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold
Gold closed Friday night trading at $1,058.70/oz. In euro and GBP terms gold is trading at €704.55/oz and £642/oz. Gold looks set for its fourth week of gains (if it can remain above $1,053/oz) and this would be bullish technically.

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GoldCore Update: Concerns About Disorderly Monetary and Economic Crisis Increasing

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold Gold is currently trading at $1,054.60/oz. In euro and GBP terms, gold is trading at €704.60/oz and £637/oz. Support for gold is currently seen at $1,043/oz and resistance at $1,070/oz.

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GoldCore Update - Gold's Real Inflation Adjusted High at USD 7,150/oz

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. Buying of physical remains robust on all price dips and this bodes well for further record highs in the short term.

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GoldCore Update - Gold Versus Global Foreign Exchange Reserves (1980: $0.5 Trillion; 2009 $7 Trillion)

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold
Gold is currently trading at $1,048.10/oz. In euro and GBP terms gold is trading at €703/oz and £640/oz. Support for gold is currently seen at $1,034/oz and resistance is at $1,054/oz. Gold took a much needed breather yesterday and fell some 1%.

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GoldCore Update - Gold New Record Highs; USD Record Lows Again?

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold
Gold has traded at new nominal record highs (over $1,070/oz) and is currently trading at $1.066/oz. In EUR and GBP terms, gold is trading at €715/oz and £665.90/oz respectively.  Resistance currently lies at $1,070/oz with initial support at $1,050/oz and then at $1,040/oz. With oil back above $75 per barrel and at a 1 year high, and the dollar again under pressure today, gold continues to eke out gains.

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GoldCore Precious Metals Update - Uncertainty For Dollar, Euro and Sterling Leading to Higher Gold Prices in All Currencies

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold
Gold closed Friday night trading at $1,048/oz and is currently trading $3 higher at $1,051/oz. In euro and GBP terms, gold is trading at €713/oz and £666/oz and has risen sharply in these currencies in recent days. Support for gold is currently seen at $1,040/oz and resistance at $1,062/oz. The record weekly close was bullish from a technical perspective but gold may need a correction and consolidation prior to challenging the next psychological level of $1,100/oz.

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GoldCore Precious Metals Update - Gold Surges to New Record Nominal Highs at $1,048/oz

Published by Daniel Stokes under Market Updates | Precious Metals Update |

Gold
As the dollar came under increasing pressure yesterday, gold surged to fresh highs, breaking through two levels of resistance ($1,020/oz and $1,033/oz) and is currently trading at $1,047/oz.

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