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Wednesday, February 11, 2009

The Gold Prices Newsletter

The Gold Prices Newsletter

The DOW, Gold and the HUI

Posted: 10 Feb 2009 10:27 PM PST

The four just men 11 feb 09
The gang of four

The latest pronouncements on the financial bailout package went down like a lead balloon as the DOW fell 381 points, the US Dollar rose 1.05%, Gold rose to $915/oz but the Gold Bugs Index, the HUI, dropped 5 points, Rats!

We cant deduce much from one days data but we tend to expect that the gold producers would improve when gold has a good day, however, the broader market, the DOW was sold off dragging the precious metals sector down with it, effectively ignoring golds progress (more…)

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