WORLD GOLD INDICES

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Friday, but Lose Over 2% and 8% on the Week By: Chris Mullen, Gold-Seeker.com
Gold rose about $4 in after hours trade yesterday before it dropped and traded near unchanged in Asia, but it then rose back to about $652 in London and added over $10 more to those gains in New York after the fed’s announcement. Gains pared a bit into the close, but gold still closed higher by 1.28%. Silver followed a similar pattern and gained 2.89%.

COT Silver Report - August 17, 2007

Throughout this crisis, gold and silver values have not depreciated to any meaningful extent. Most of the related stocks, on the other hand, are down 25% to 50%. I suggest that, at these low levels, the fundamentally sound companies are the ones that we all should be looking at. I also suggest that physical gold and physical silver are not a bad place to be because when their respective prices are as resilient as they have been, given recent market conditions, that is an indication of real strength and potential future appreciation. Read WHICH MINING STOCKS I LIKE NOW for some ideas. Then, sort using Gold & Silver: Company Rankings from Reuters.