Archive for February, 2007



Gold & Stock Markets Tumble In Biggest Dow Drop Since Sept, 2001

Wednesday 28 February 2007 @ 6:24 am

February 27, 2007 - Gold Plunges $13 on Tuesday as Investors scrambled to cover equity market losses, driving Gold prices down to a low of $660/oz. before rebounding and closing near $770.  Continue Reading »
Gold & Stock Markets Tumble In Biggest Dow Drop Since Sept, 2001




Feb 07 Update - Gold Rallies 1% Despite Fed Reserve Inaction

Friday 9 February 2007 @ 5:58 am

February 08 -  Gold Rallies to $661 in Comdex futures trading on Wednesday resulting from heavy institutional buying.  The price upswing came after early trading was heading lower due to the release of very positive fourth quarter U.S. economic reports  indicating robust growth during 2006 fourth quarter.  Continue Reading »
Feb 07 Update - Gold Rallies 1% Despite Fed Reserve Inaction




Gold Down $11 after Reaching 6 Month High

Sunday 4 February 2007 @ 8:09 am

Dollar’s Weakness, Then Strength, Confounds Investors, Leading To Large Technical Sell-Off 

Gold Fell $11, about 2% Friday to $651 per ounce.  A U.S. payroll data showed a moderately healthy growth and the the dollar was buoyed by talk of another rate hike by the European Central Bank.  The strength of the dollar, which rallied to 1.3 versus the Euro, an important technical barrier unleashed a wave Continue Reading »
Gold Down $11 after Reaching 6 Month High