Posts by CommodityOnline:

The catalysts for the next gold rally

In 2012, gold has traded well beneath the all-time high of $1924 recorded in September 2011. As we have previously cautioned, a fall back to $1520- or even lower is certainly possible before gold resumes its long-term ascent.

Eurozone worries sink commodities in a sea of red

At the Multi Commodity Exchange of India (MCX), commodities reeled under renewed Eurozone worries for the week May 07- May 11, 2012. Only natural gas gained, and that too an impressive 8.93% while the rest ended in the red with silver losing a hefty 4.19%

‘Gold finding support on technical chart’

Gold prices are finding support on technical chart factors, with June Comex gold holding above the 10-day and 20-day moving averages, at roughly $1,646 and $1,652 an ounce, respectively, said Charles Nedoss, senior market strategist at Olympus Futures.