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« Convertible Loan Notes: The way to go? | Main | USD Falling, Gold & Silver Rising: Gold and Silver Stocks Hesitate…For Now »
Tuesday
Aug072007

Gold: The Latest Headlines

These are the latest headlines, talk about negativity in the gold market:


Spain’s Central Bank sells another 25 tonnes of gold: what next? Mineweb

Gold slips ahead of Fed meeting, focus on dollar. Reuters

Gold, Silver Fall as Euro's Rally Against Dollar May Stall Bloomberg

Gold fell on concerns of its reduced appeal as a hedge against inflation. ICICI Bank

Gold futures fall, as dollar edges higher vs. rivals. MarketWatch

Gold edges lower as dollar steadies ahead of Fed meeting. Thomson Financial




The spot price for Gold is $670.10 as we write! Talk about negativity! You would think we were back at $300 level.

The above headlines tell us that negative reporting is currently the "in" thing. Gold drops $4 or so and its headline news. A $4 drop for gold equates to 0.5% of the spot price, my word that’s earth shattering! Give the traders time to wake up and have a cup of coffee and the $4 drop has been wiped out. So what’s the next headline?

Now imagine what will happen when these guys turn positive on precious metals and get all excited about a small upward move. Then along comes a terrific rally; they will need the whole of the front page to express themselves.

Please think of a humorous headline and send it to us and we will print it.

Keep smiling.

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Reader Comments (1)

How's this for a headline?
Fed's Bernanke caught throwing brick through coin shop window: what next?

August 8, 2007 | Unregistered CommenterDaniel

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