Posted on 02 March 2012. Tags: 'Wednesday, buy', exaggerated, fcstone, federal reserve chairman, gold, gold market, sell, session, term uptrend, uptrend line, waiting
LONDON (Commodity Online): Wednesday’s sell-off in gold was “too exaggerated,” said Edward Meir, commodities consultant with FCStone, although he also favors waiting a session or so to buy.
The decline occurred after remarks to Congress by Federal Reserve Chairman Ben
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Posted in Bullion
Posted on 31 December 2011. Tags: 2012, all time highs, decline, early, fibonacci retracement, further, gold, gold prices, government bonds, uptrend line
LONDON (Commodity Online): After falling $ 350 an ounce from their all-time highs, Gold prices could see further weakness in the start of 2012, said Mike Zarembski, senior commodity analyst, optionsXpress.
“Not only has gold begun to lose some of
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Posted in Commodity News