Tuesday, November 24, 2015

investing in gold : Platinum conflicts lowest level in seven years, and push it gently until gold

investing in gold: Platinum prices fell to their lowest level since late 2008 in Europe on Tuesday, under pressure from the Far East sales, leaving the market vulnerable to selling technical stops under $ 830. And it fell as low as $ 836 and then held at $ 840/845 an ounce, a loss of $ 8 Monday.
- But gold was carrying a small gains above $ 1,070, with the strength of the dollar settled back slightly against the euro this morning.
- Refer gold at $ 1,073.50 / 1,073.80 an ounce, up $ 3.00 from yesterday. The market vulnerable to dips under $ 1,070 to re-test the level of $ 1,065.70 near the age of six and the low of last week, despite the holiday pre-Thanksgiving holiday short-covering may avoid this in the short term.
- Point out the silver at $ 14.14 / 14.19 an ounce, up one cent - yesterday it hit $ 13.91, the lowest level since August 2009. The newspaper quoted palladium at $ 534/539, and the loss of $ 7, undermines the platinum losses.