Apr 29th, 2009 |
By Ed Steer |
Category: Gold Market
Tuesday trading in gold turned into a pretty big bear raid. As I mentioned briefly in my rant yesterday…starting shortly after Sydney opened on Tuesday morning…someone bombed the bullion market with a big sell order. The word ‘big’ is relative in this case. In the extremely thin trading that characterizes Far East gold and silver activity…a 1,000 contract sell order would hammer the market…and that’s pretty much what happened in gold. Ditto for silver.
Tags: BAC, BNS, Chrysler, Comex, DB, economics, Ed Steer, European Central Bank, Globex, Gm, Gold Prices, GS, investing in gold, investing in silver, JPM, Merrill Lynch, politics, Us Mint, USB
Posted in Gold Market |
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Dec 4th, 2008 |
By Ed Steer |
Category: Financial News
Wednesday’s action in the gold market world-wide was nothing short of a yawner from one end to the other. Ditto for silver. Volume was very low as well…so I wouldn’t read a thing into yesterday’s price action.
Tags: Comex, economics, Ed Steer, European Central Bank, Federal Reserve, JPM, politics
Posted in Financial News |
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Dec 4th, 2008 |
By Doug Casey |
Category: Financial News
In the currency market, the dollar was slightly higher against the euro. Late Wednesday, the euro was trading at $1.27 vs. $1.271 on Tuesday.
Tags: Bank Of England, dollar, Doug Casey, euro, European Central Bank, forex, US dollar
Posted in Financial News |
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Apr 23rd, 2008 |
By Dan Denning |
Category: US Dollar & Forex Trading
The Australian dollar is as strong as it’s been since the beginning of the commodities boom. It takes just one dollar and five Australian cents to buy the greenback.
Tags: Australian Dollar, Canadian Dollar, Cpi Data, dollar, euro, European Central Bank, forex, inflation, PPI, recession
Posted in US Dollar & Forex Trading |
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