Gold Market Headline News:
Gold, little changed in London, may gain as rising unemployment in the US increases concern the global recession will continue, boosting demand for the metal as an alternative investment. A report on Thursday showed US employers cut more jobs than ...
Posted: Sat, 04 Jul 2009 01:23:00 GMT
The Bank of Korea has not purchased gold for 11 years, but is expected to go on a gold buying spree, as the world’s central banks have bought the commodity since the global economic erupted in September last year. A Bank of Korea official said ...
Posted: Sat, 04 Jul 2009 01:16:00 GMT
LONDON: Gold rose on Friday, steadying above $932 per ounce as the dollar lost ground versus the euro, with deeper concerns over the US economic outlook also underpinning the metal. Spot gold stood at $932.90 by 1330 GMT, up from $928.65 late in New ...
Posted: Fri, 03 Jul 2009 21:34:00 GMT
Under the terms of the agreement, the shareholders of Sanu Resources will receive 0.57 shares of Canadian Gold Hunter for each Sanu Resources share. The offer values Sanu Resources' shares at CAD0.23 ($0.20) per share, representing a 25% premium to ...
Posted: Fri, 03 Jul 2009 19:10:00 GMT
Abu Dhabi: Retail gold sales in Abu Dhabi jumped over 30 per cent in June due to holiday buying which is expected to stay robust into the first-half of July, traders said on Thursday. "Sales were good in June because of holiday buying. Expatriates ...
Posted: Thu, 02 Jul 2009 23:58:00 GMT
It's not exactly the California Gold Rush, but plenty of recession-weary consumers are scrambling to turn old jewelry and other gold knickknacks into quick cash. Sellers began streaming into pawnshops and jewelry stores as soon as the economy began ...
Posted: Sun, 28 Jun 2009 09:08:00 GMT
Dizzying laws and indifferent authorities aside, chances are you've noticed that every store from your local Publix to the neighborhood Target is selling fireworks (legally, "sparklers") this time of year. But do the value packs and "safe and sane ...
Posted: Fri, 03 Jul 2009 20:29:00 GMT
July 3 (Bloomberg) -- Gold, little changed in London today, may gain as rising unemployment in the U.S. increases concern the global recession will continue, boosting demand for the metal as an alternative investment. A report yesterday showed U.S ...
Posted: Fri, 03 Jul 2009 13:13:00 GMT
If it was, no one is admitting to it. The gold was all there in April 2008 but by October it was missing. An independent audit declared the shortfall wasn’t an accounting error and said there are three possible explanations: Accounting errors in ...
Posted: Fri, 03 Jul 2009 20:36:00 GMT
MOSCOW. July 3 (Interfax) - A further decline in oil prices pulled the Russian stock market back into negative territory on Friday, although banks shares were immune to these trends and managed to post slight gains. The RTS index declined 1.06% to ...
Posted: Fri, 03 Jul 2009 15:43:00 GMT
Gold Chart as of April 23, 2008
Gold Stats as of April 23, 2008
Moving Average Price Compare
GLD is trading below its 13 day moving average. However, this moving average is trending higher which suggests that there has been buying interest in this stock.
MACD
The MACD for GLD currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.
Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, GLD is neither overbought nor oversold.
Bollinger Bands
GLD has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, GLD is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif)