Posts Tagged ‘poor-economic’

Gold rallied to a fresh all time high of over $1640 today following a rash of poor economic data from the US, Europe and China which suggests that the global economy growth is sliding. Full story

Previous Analysis| Next Analysis Silver, a cheaper alternative to gold, rode higher on coattails of gold and gained more than 3.5% yesterday. Full story

This week in the precious metals continued their torrid pace to once again post all-time highs. This recent rally has been fueled once again by poor economic data and the growing lack of confidence in financial regulators and fiat currencies in general. Full story

This week the Gold market covered a $23.30 range that traded in a very technical manner. The theme for the week was the continuation of poor economic data that sent savvy investors seeking ‘safe haven” investments primarily Gold & Silver Full story

HIGH….$1239.50  LOW…$1229.50 Today’s Gold session traded a choppy $10.00 range as poor economic data rallied the market to  seven week high’s before $1240.00 selling resistance stalled the “bull run”. More poor economic data from the United States Labor Department as they reported jobless filings increased 12,000 -500,000 for the week ending August 14th. (Highest since November 2009) Full story

Today’s Gold session produced a $17.50 gain fueled by poor economic data and investor uncertainty. Today the U.S Department of Labor released data showing the Initial Jobless Claims rose by 2,000 to 484,000… This figure is a six month high and an indication to investors that the labor and foreclosure Full story