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What Makes Prices Move?
March 10, 2010[Story ID: 1421]
Today I will go over what I think drives price movement in the markets, why I hold these beliefs, and why I think it is important to understand the forces in price movement. Keep in mind the following theories are my opinions, not absolute fact. I believeWhat Makes Prices Move?
People often ask [...] -
Gold prices soar past $1,100
February 18, 2010[Story ID: 677]
Gold prices have been on the rebound in the last two weeks after touching a near-term low at price on February 5th of $1,052.25. With a current (February 17) gold spot rate of $1,114.70 per ounce, the commodity has increased in worth by over $60 in 12 days.
Though down slightly from yesterday’ -
Negative housing data points to a faltering economy
February 11, 2010[Story ID: 456]
FXstreet.com (Sydney) ‘ -
Dollar gains against major currencies, commodities
January 27, 2010[Story ID: 224]
The dollar has grown stronger to start this week, gaining ground against most major currencies and commodities, the Japanese yen, being the prominent exception.
The gold price spot rate is at $1,091, after a Tuesday New York Mercantile Exchange close just below $1,100. The gold rate is well below its all time high [...] -
Gold price spikes as jobs disappoint
January 8, 2010[Story ID: 231]
Just when it appeared that the gold price was ready to reverse its long-running and fast-paced upward trend, speculators have begun to jump back in. After falling to a 60-day low of $1,080.50, the price of gold reached its highest point in just over a month at the close of New York [...]