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Gold Rising

December 11, 2008 Inflation, Market Updates 1 Comment

Due to computer difficulties this will be short and combine the the actions of the markets on Dec. 10 and 11. Gold futures lurched up today Dec. 11, above $800. Rising oil prices and weakness in the U.S. dollar get the credit in the media for today’s rise in the price of gold. Is it [...]

Gold To Retest Lows

December 5, 2008 Gold Stocks, Market Updates, Silver Stocks No Comments

Gold took a step down after the unemployment numbers for November were released. It is curious to me why gold would retreat on terrible unemployment numbers. Employers eliminating jobs is signaling a downturn in the economy, so gold should be moving up. I guess not in this world where up is down. More on that [...]