Following yesterday’s disappointing news from RIMM and ORCL, the market gapped lower at the open. Oil jumped over $140/barrel and added more pressure on the market. The market accelerated lower into the close, with techs leading the way. RIMM ended down more than 13%. GOOG lost $22.18, or 4.03% while BIDU gave up $17.33, or [...]
Category Archives: XAU
Market Slumps 3%! SPX, Nasdaq, RIMM, ORCL, GOOG, BIDU, GS, ATW, XAU, AEM, ABX
June 26, 2008 – 7:08 pm
Stocks Up, While Oil Above $124! SPX, Nasdaq, X, NUE, CLF, RTP, GLD, XAU, GDX, OIH, PCLN, solar stocks
May 8, 2008 – 4:12 pm
The stock market was up today, led by metals and mining. Energy stocks did well also, as crude closed above $124/barrel. (What did I say about trying to “rationalize” the market yesterday?) Gold seemed to be on its way back up, as GLD added +1.65%. Steel stocks were hot, again! X, NUE, and CLF all [...]
Market Forecast for Week of 3/17: SPX, Nasdaq, GLD, SLV, GDX, XAU, FXY, FXB, FXE
March 16, 2008 – 7:04 pm
With big news (BSC/JPM and Fed’s discount rate cut) on a Sunday before the options expiration week, the market is bound to be very volatile on Monday. Fed’s immediate discount rate cut is, no doubt, an attempt to buffer the effect of the JPM $2/share bailout of BSC! Nikkei (Japan) is down more than 400 [...]
$100 Oil Reached, $1000 Gold Coming! SPX, Nasdaq, GLD, SLV, XAU, GDX, CSIQ, FSLR, SPWR
March 5, 2008 – 6:43 pm
$100 oil seems to have been accepted by the market. Crude traded to almost $105/barrel today and there were no big headlines about it. Gold was above $993/ounce today, getting close to that 4-digit number, $1000! Silver also made a new multi-year high, nearing $21/ounce. The market was in part supported by commodity-related stocks, although [...]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
