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Gold Price Reached 6-Month High As Equities Tumbled

In case you didn’t notice, the bullion has quietly made a comeback as stocks fell. On Friday, spot gold surged $22.20 (2.4%) to reach $927.20 an ounce, the six-month high (see the following chart from Market Club), after a government report showed that GDP contracted at an annual rate of 3.8% in the last quarter […]

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Fibonacci Rule and How to Use it in Trading Gold Explained

Do you know what Fibonacci rule is? Basically, Fibonacci sequence is a sequence of numbers in which each successive number is equal to the sum of the two preceding numbers, such as 1, 1, 2, 3, 5, 8, 13, . . . The rule used to generated Fibonacci sequence is called Fibonacci rule, which can […]

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What Is Going on with Gold?

The stock markets are pretty volatile these days with huge up-and-down swings happening almost on a daily basis (the past month has produced 5 of the 10 largest drops of the Dow). At the same time, gold, which I follow quite closely, also had some roller coaster rides lately, but the general trend of gold […]

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Is Gold a Good Choice to Hedge against Inflation?

Early last month, I had a post on gold when the bullion recorded its biggest one-day increase ever in price. If you follow this blog long enough, then you know I have talked a lot about good. My investment in gold is not the metal itself, though I bought a couple of pieces of hardware. […]

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Gold Saw Biggest Jump in History

Remember this chart because you won’t see it very often, if again at all. Today, gold price jumped the most in its history, rocketing up $84.50 to close at $864.10 an ounce. Last week this time, gold just touched a 11-month low of $742. Gold has been under a lot of pressure lately. As the […]

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American Eagle Gold Coin in Short Supply?

Did you buy any gold coin recently? I didn’t, but it looks like there’s some kind of shortage of gold coins. Gold has gone through a volatile period lately as the U.S. dollar rebounded strongly against the Euro and commodities, including oil and precious metals, posted sharp decline. Traders abandoned gold as a hedge against […]

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Bought another Piece of Gold from Bullion Direct

A little over one year ago, I bought a Buffalo gold coin from Bullion Direct (my review of Bullion Direct) when the price was around $640 an ounce. Somehow, I never considered that as an investment, though gold has gained a lot in the past year. Currently at $885, gold actually made a good investment […]

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Ladies and Gentlemen, Here’s the $1,000 Gold!

Just when you think the stock markets might have turned the corner (stocks gained the most in five years on Tuesday and S&P issued a statement yesterday saying the end is near for subprime related writedowns), another bomb dropped on the Wall Street today: Bear Stearns, one iconic company on the Street, needs emergency funding […]

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