Gold Market Headline News:
... breaking through the 10% level to 10.2%, and yesterday's rally creating profittaking opportunities," said Colin Cieszynski, analyst at CMC Markets Canada. "Instead ... survey results," said Avery Shenfeld, chief economist, CIBC World Markets. "
Posted: Sat, 07 Nov 2009 09:09:00 GMT
NEW YORK (AP) - Gold prices rallied to another new high Wednesday on the back of a weaker ... There's a sense among investors that this bull market may have a considerable way to run," said George Milling-Stanley of the World Gold Council.
Posted: Wed, 04 Nov 2009 20:33:00 GMT
LONDON (Reuters) - Gold prices retreated on Thursday from the record highs they hit in the previous session as the dollar rose ahead of policy decisions from the UK and the euro zone, which curbed appetite for assets seen as higher risk. The precious ...
Posted: Thu, 05 Nov 2009 11:06:00 GMT
Parag Saxena, Founding General Partner & CEO of New Silk Route , NSR Partners was named in the Forbes Midas 100 List of Top Deal Makers in 2009. That’s the fourth year that he was on the list in a row. He came in at number 28 this year, up from 31 ...
Posted: Sat, 07 Nov 2009 13:34:00 GMT
NEW YORK — Undaunted by a surprisingly weak jobs report, investors found enough positive news to nudge stocks higher Friday. Word that the nation’s unemployment rate rose above 10 percent last month for the first time in 26 years didn’t derail ...
Posted: Sat, 07 Nov 2009 13:41:00 GMT
Nigerian fashion designers are making waves locally and internally. Recently, four of them stormed New York fashion week , triumphantly showcasing Nigeria’s talents to the world. On these pages , we feature four designers who were at the New York ...
Posted: Sat, 07 Nov 2009 13:41:00 GMT
The Market Vectors Gold Miners ETF (NYSE: GDX ) attempts to replicate as closely as possible the price and yield performance of the Amex Gold Miners Index. GDX is in a bull market with both the long-term support line and the 200-day moving average at ...
Posted: Sat, 07 Nov 2009 14:02:00 GMT
... miners pull TSX out of jobs-linked funk TORONTO (Reuters) - Toronto's main stock index ended higher for a fourth straight session on Friday as gold miners rallied around record high bullion prices, offsetting the index's fall at the outset on ...
Posted: Sat, 07 Nov 2009 13:48:00 GMT
... observing that prices of gold have been going up so we have been strategically buying gold over the past several months as part of a reserve management process of diversifying our portfolio," he told AFP. The price of gold hit a record high ...
Posted: Sat, 07 Nov 2009 12:36:00 GMT
IT'S REASONABLE TO ASSUME THAT VOTERS in Virginia and New Jersey were attempting, when they elected Republican governors last week, to flee what they view as fiscal madness. Much of the U.S. electorate is worried about deficit spending, which has ...
Posted: Sat, 07 Nov 2009 12:44:00 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.
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