gold prices

Gold May Reach Record in 2009 on Inflation, GFMS Says
Gold may reach a record this year as demand for a hedge against inflation outpaces an expanding scrap supply and weaker usage by jewelers, researcher GFMS Ltd. said.

The Great (Used) Gold Rush of 2009
Wendy Kushner, a middle school teacher in Edison, N.J., had never thought about selling the gold turtle and other charms she received when she was a teenager. But then she was invited to a cash-for-gold party in December, so Kushner did some digging and unearthed her old ornaments.

Gold Rises for First Time in Four Days as Drop Lures Buyers
April 7 (Bloomberg) — Gold rose for the first time in four days in London after a drop to the lowest price in 10 weeks lured buyers, and as a decline in equities increased the metal’s appeal as an alternative investment. Silver also gained.

Fundamental analysis for precious metals gold – 4/9/2009
Gold moved slowly in a very tight range between 879.00 and 884.00 during the Asian session continues the anticipated upside recovery by building a solid base gradually as we notice that it’s hitting (38.2%) Fibonacci of the entire medium term rally started at 679.00 and topped out at 1006.00 once more supported by Tenkan-sen (moving average of Ichimoku indicator) while the hourly chart on the secondary image is staging an inclining channel slightly.

Nothing in this Silver and Gold Price Move Changes the Long Term Outlook
Watching the Nice Government Men play with silver and gold prices the last few days has sent me back to re-examine basic strategy. What you’ve witnessed amounts to nothing more than their Pyrrhic victory forcing down the price for a few days when it is already weak. This temporary win does them no good long term, as the price will shortly pop back up.

How soon will gold take off?
You are traveling through a desert in search of a famed oasis and its promise of riches, rest, and drink. But your journey has grown long, you are weary, and you begin to doubt the oasis really awaits you. But then signs appear from those who have gone before you that your course is true, and the reward you seek in fact lies ahead. Your spirit is renewed and you press on.
Does this describe your journey with gold?
