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Current DateTime: 03:52:46 30 Nov 2009
LinksList Documentid: 23371764
    • Gold Will Collapse Like Oil Did in 2008: Charts

        The gold price has moved quickly and it has developed an important new uptrend characteristic. This so-called 'parabolic' trend is a dangerous type with a high probability of a sudden collapse.

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Current DateTime: 03:52:46 30 Nov 2009
LinksList Documentid: 30111251
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Market 360: The Week's Best & Worst
Published: Friday, 10 Jul 2009 | 4:58 PM ET
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Commodity Impact:  Oil settled at $59.89 per barrel, falling over 10% for the week, or its biggest percent drop since the last week in January. 
Gas Prices: The AAA current national average for regular gas is $2.565 per gallon down 37.5% from a year ago when the average was $4.104 per gallon
The highest recorded average price by AAA was on 7/17/2008, when the national average was $4.114 per gallon


Currencies Impact:  The US dollar and yen rose against the euro and pound sterling as the US markets closed down for the fourth-straight week and oil settled below $60, causing investors to become more risk averse.


Global Index Performance led by Asia and Latin America:



Note:
Data based on preliminary numbers.  May adjust slightly due to settling at close.

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