WORLD GOLD INDICES

Gold Seeker Weekly Wrap-Up: Gold & Silver Gain Over 3% & 5% on the Week By: Chris Mullen, Gold Seeker Gold traded mostly slightly lower in Asia, mostly slightly higher in London, and came into New York about a dollar lower. It next rose over 1% in midmorning trade, remained near its highs for the rest of the morning, and then more than doubled its gains in afternoon trade and closed with a gain of 2.11%. Silver followed a very similar pattern and closed with a gain of 3.48%.

"Silver is at or near a low risk buy point right now. On December 4, I called for a top in silver and I expected to be buying again at a price in the low to mid $12 range. Silver has corrected since then by almost $2 and is hovering just above its 200 day moving average (DMA) of 12.21. I bought some silver in the drop last Friday and will likely complete my purchases this week or next. I am waiting to see if we get a sell off this Thursday or Friday that will take it below the 200 DMA. The rest of this article focuses on the logic and analysis I am using to determine when to buy." Entire article HERE.

COT Silver Report - January 12, 2007
Silver Manufacturing to Get Boost in Dubai