Archive for July, 2014

Weekly Trends: July 26, 2014

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*Note: There will be no charts for gold, silver or platinum this week. Our usual source for this information was down.

A quiet week for gold, finishing the week at $1,307.70 per ounce. The price of gold closed at a five week low, and this marks two consecutive down weeks. Gold bears point to an improving US economy, with better than expected US durable orders for June released this week. US equities continue to ...

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Weekly Trends: July 19, 2014

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A volatile week for gold, finishing the week at $1,309.40 per ounce. Gold fell sharply on Monday, as it started the week on a large sell order and profit taking, ahead of Janet Yellen’s testimony on Tuesday. Thursday saw a quick spike due to the news of a Malaysian plane being shot down. Gold bears continue to point to a lower gold price, as the US economy recovers and will raise interest rates. ...

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Weekly Trends: July 12, 2014

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A positive week for gold, as the yellow metal hit four-month highs, closing at $1,337.40. Gold is now up approximately 11% percent in 2014, after losing 28% in 2013. This week is the sixth consecutive weekly gain for gold, as a slow and steady rise is keeping the bulls happy. Gold rallied following the FOMC minutes on Wednesday, which stated QE will likely wrap up in October.

The Indian government has not yet changed ...

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Weekly Trends: July 5, 2014

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Another week with no substantial move in gold. Gold closed the week at 1320.40, up $3.12 from last week’s close of 1317.18. Stronger than expected US job numbers show the unemployment rate at 6.1%, which would be a six-year low, and has the gold bears out in full force. If you have confidence in the US data, the economy is recovering, which would be bearish for gold. Gold bulls will be looking at ...

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