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Gold-Prices.biz: Portfolio Update 10 March 2009 Posted: 09 Mar 2009 07:12 PM PDT As we mentioned during the last update there was a danger that the DOW could close below 8000 and stay there, which according to some analysts signals a further fall to 6000, which has almost come to pass as the DOW now stands at 6547 having some bearing on the HUI which is down about 40 points to 275. We also mentioned the effect of having a new president which we thought might generate a rally across the board, well the honeymoon period didn’t do so well and its certainly over now. The de-leveraging and or general selling continue to pull cash out of the market which in turn adds to the strength of the US Dollar. We doubt that this can last and still expect the US dollar to u-turn and the precious metals sector to prosper (more…) Related on Gold Prices: Also See: |
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