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Friday, January 23, 2009

The Gold Prices Newsletter

The Gold Prices Newsletter

Gold-Prices.biz: Portfolio Update 23 January 2009

Posted: 22 Jan 2009 06:22 PM PST

HUI Chart 23 Jan 09
Chart courtesy of StockCharts.com

A quick look at the gold bugs index chart and we can see that gold stocks are trending higher and have gained 100 points over the last few months. The danger still exists that the DOW could close below 8000 and stay there, which according to some analysts signals a further fall to 6000. If this happens then once again we could be caught in the crossfire as the precious metals go out with the bath water. Hopefully the effect of having a new president will generate a rally in the markets at least for the next few months. We still need the de-leveraging to come to an end and the US Dollar to u-turn to in order to get some impetus into the precious metals sector (more…)

Related on Gold Prices:
Kinross Gold Corporation: Call Options Update 09 Oct 08
Gold Stocks Leading The Way In Next Correction
Kinross Gold Up 22% in Less Than 22 Days Since Our BUY Signal
Gold stocks: take some profits
GOLD STOCKS: Update as of 13 October 2006

Also See:
Uranium Stocks news and information on profiting from uranium stocks, future outlook for uranium prices and more
Silver Prices for silver news and reports with real time silver prices and charts

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