Blog > Gold and Resources > Blog article: Gold Prices: Why the drop?
 | Email This Article Email This Article  | 

Gold Prices: Why the drop?

Posted May 13, 2008

“Take, for example, the recent news stories regarding the Gold market. According to the in-crowd, three main coordinates will always point gold prices due NORTH.” — Nico Isaac

Blogger’s note: Despite the dollar being down and other resources being up, gold has fallen in the last month. So what’s going on with the yellow metal? Nico Isaac of Elliott Wave International explains gold’s recent movement. You can find the article here or read on for more.

by Nico Isaac, Elliott Wave International

Baltimore – (TFN): This weekend, I learned the meaning of the word “alethiometer” from a precocious ten-year old boy. Turns out, it’s the official name for the “Golden Compass,” of the 2007 sci-fi movie starring Nicole Kidman.

As for its magical power, the device answers any question thought by its user. The catch is — you have to ask from the right place. Otherwise, you will be led not closer, but further and further away from the actual truth.

The concept is quite familiar to the world of finance, where the mainstream experts seek answers to the marketplace from an alleged “golden” source of wisdom: i.e. outside news events. Yet, time and again, followers of “market fundamentals” end up lost and confused.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

USGS Recently Admitted, “It’s the largest continuous oil accumulation the agency ever assessed.”

Today, just 470 miles from Helena, Montana, America’s greatest wealth boom is fast - and secretly - underway.

In short, thanks to a unique technological breakthrough, a group of scientists just unlocked the largest oil deposit in U.S. history…

503 billion barrels worth. And they can now extract it for just $16 a barrel.

With oil breaking $113, news of this momentous discovery is already boiling over - at breakneck speeds.

In fact, the three outfits leading the way each averaged 21% gains within the past 11 days. And they’re just getting started. To find out how each one could triple your money - this year.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Take, for example, the recent news stories regarding Gold prices. According to the in-crowd, three main coordinates will always point gold prices due NORTH: Economic uncertainty/political unrest, a falling equity market, and a rising oil market.

(How Low Will Gold Go? The May 12 Short Term Update presents original price charts and objective near-term analysis of gold you won’t find anywhere else. Learn More)

It’s safe to say, the last few months of human existence have provided all three of these details in spades, as this brief rundown of current events makes plain… Read on to learn why gold hasn’t continued to rise.

****Make sure you sign up for our free TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have or free daily email delivered to your inbox .


Related Articles


Posted by TFN-Gold · Filed Under Gold and Resources 

Comments