Posts Tagged ‘$1000 gold’

S&P and the Gold Rush

By Kristina Zurla Landgraf • Feb 24th, 2009 • Category: Broker Commentary, Market Updates

S&P and the Gold Rush By Blake Robben The stock market has now plunged to levels not seen since 1997, and gold has benefited as investors seem more confident buying metal than paper. According to what I see on the charts, I don’t think this overall trend is likely to shift just yet. Gold is [...]


Bullish Pennant May be Forming in Gold

By Kristina Zurla Landgraf • Feb 24th, 2009 • Category: Broker Commentary, Market Updates

Gold futures pressed above $1,000 an ounce on Friday, February 200, 2009, but have stalled out a bit since. The April contract was last down $10.40 at $984.60. Lind Plus Senior Market Strategist Richard Ilczyszyn said the chart of April gold appears to be shaping into a bullish pennant, which could suggest an upside breakout [...]