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Gold/Mining/Energy : Great Basin Gold GBG.VSE (merger of Pacific Sentinel Gold)

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From: canucklehead8012/30/2011 1:46:24 AM
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Auguries — Man Of The Year
December 22, 2011
By Kevin Michael Grace

Gold was up (at press time) $33.90 (+2.2%) for the week to $1,607.70, and silver was down
.18 (-0.6%) to $29.10. Gold’s rise was attributed by Reuters to the Euro’s rise against the dollar, following the European Central Bank’s loans of €489 billion at 1% to banks. The euphoria engendered by this largesse was short-lived, but talk of the end of the bull run in gold has been quieted for now.

At the Globe and Mail, David Berman reports December 21, “ Bespoke Investment Group pointed out on Tuesday that gold is also struggling with at least one technical issue. It is hovering around its 200-day moving average right now [$1,616] after Tuesday’s rebound, a key threshold that stocks and commodities have had a tough time breaking through.”

Read the rest of this article.
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